Question 1 • Personal Finance
Evita made 36 monthly payments of $356.82, for a total of 36 × $356.82 = $12,845.52. Subtract the $2,408.91 she paid in interest to find that she repaid $10,436.61 of the car’s price. Adding the $8,563.39 balance remaining gives a selling price of $19,000.00, choice D.
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