Answer and Explanation
Your Answer is
Correct Answer is D
Explanation
15000×18.87<300 and the largest among the five options. Choose D.
Use the following information to answer questions 42–44.
Kaylee is planning to purchase a car. She will need to borrow some of the money and has a chart, shown below, to use to approximate her monthly payment. The chart gives the approximate monthly payment per $1,000 borrowed.
43. A local dealership is having an end-of-the-model-year clearance sale and is offering 5% annual interest on new-car loans for 36, 48, or 60 months. The maximum amount Kaylee can budget for her monthly car payment is $300. Of the following loan amounts, which one is the maximum Kaylee can borrow at 5% annual interest and stay within her budget?