Question 10 How much monthly interest would you pay on a car loan balance of $23,000 with an annual interest rate of 4.2%?  Use the idea that there are 12 months in a year. Group of answer choices $87.65 $80.50 $76.89 $91.23

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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Question 10
How much monthly interest would you pay on a car loan balance of $23,000 with an annual interest rate of 4.2%?  Use the idea that there are 12 months in a year.
Group of answer choices
$87.65
$80.50
$76.89
$91.23
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