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D. 16 teams 3.Chris is taking out a car loan for $23,340. He will make equal payments each month for 5 years. How much will Chris pay each month on the car loan? A. $357 B. $389 C. $1,945 D. $4,668
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5 votes
D.

16 teams
3.Chris is taking out a car loan for $23,340. He will make equal payments each
month for 5 years.
How much will Chris pay each month on the car loan?
A.
$357
B.
$389
C.
$1,945
D.
$4,668

User Gnietschow
by
7.2k points

1 Answer

1 vote
Explanation: There are 12 months in 1 year, so in that case we would do 12 x 5 which is equal to 60, which means you do 23340 divided by 60, which is 389

So it’s B.
User Imgen
by
6.7k points
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