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Mr. Jennings is shopping for a car loan. He wants to buy a car that costs $18,000. He plans to pay $5,000 in cash and get a loan for the rest. If the annual interest rate on the loan is 5%, how much interest will he pay in the first year? Select one:

O$250
O$900
O $650
O$500​

User W W
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1 Answer

2 votes

Answer:

C

Explanation:

User Androberz
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