3
InstructionMultiple Choice

Amortization

Question 3 • ****Spring 2026 Financial Math - MA2007 MQS21QXV

Mari has just made her last payment on her car. The lifetime of the loan was 36 months. The bank financed her for $15,000 at 6.71%. How much did Mari actually pay, after she made her last payment, for the car?a.$15,000c.$17,001.20b.$16,602.12d.$18,205.30

Answer
A
A
B
B
C
C
D
D
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