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Cindy would like to borrow money from her bank to restore her collectible car. It will take $12,000 to fully restore the car. Cindy's bank offers secured loans at 89% of the collateral value. How much collateral does Cindy need to offer to get a loan big enough to allow her to fully restore her car? a. $3,100 b. $10,680. 00 c. $12,000. 00 d. $13,483. 15 Please select the best answer from the choices provided A B C D.

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The answer is D I got this before
User Matt Sweeney
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