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Mathematics, 25.11.2019 14:31 dee1334
John is planning to take out a personal loan for $4,500 to buy a car. he would like to keep his monthly payments at or below $150.00 and pay the loan off in three years. which of the following is the greatest interest rate john can accept and still meet his criteria?
a. 10.75% compounded monthly
b. 11.50% compounded monthly
c. 12.25% compounded monthly
d. 13.00% compounded monthly
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John is planning to take out a personal loan for $4,500 to buy a car. he would like to keep his mont...
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