10. Juanita purchased an automobile for a total of $14,000. She financed all of the $14,000 and started payments of $315 a month for 5 years. At the end of the 5-year period, how much more than the purchase price will Juanita have paid for her automobile?

Answer and Explanation

Your Answer is

Correct Answer is K

Explanation

Pay $315 per month for 5 years, so you will pay a total of 315×5×12=18900, the difference is 18900-14000=4900, so choose K