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43. A local dealership is having an end-of-the-model-year
clearance sale and is offering 5% annual interest on
new-car loans for 36, 48, or 60 months. The maximum
amount Kaylee can budget for her monthly car payment is $300. Of the following loan amounts, which
one is the maximum Kaylee can borrow at 5% annual
interest and stay within her budget?

  • A. $10,000

  • B. $13,000

  • C. $14,000

  • D. $15,000

  • E. $20,000