Question

Consult the table.

josephine needs a 10,000 loan to purchase her first car. if she can afford a maximum of 250 per month for her car payment and she wants to pay off the loan as quickly as possible, which loan term should she select?​

Answer 1

Id say 48 months

Step-by-step explanation:

It is the nearest value to 250 with the least interest rate.

Answer 2

The answer is: 48 months.

Step-by-step explanation:

If we start from the maximum that Josephine can pay, which is $ 250 a month, among the three possibilities there are, the closest is $ 226, which increased to 4% interest would be: $ 235.04, is within what you can pay, and therefore the months would be 48.

The answer is: 48 months.