Answer:
D. 8/7 × 3 because the fraction is greater than 1.
I hope this helps!
Based on the amount that Nader can pay per month, and the interest rate as well as the period, the amount he could spend if the rate was annual is $8,385.33.
<h3 /><h3>How much could Nader spend on the car?</h3>
If Nader can pay $280 per month, the amount he can pay per year i:
= 280 x 12
= $3,360
The amount that he can spend on the car is the present value of these yearly payments:
= 3,360 x (1 - (1 + 9.8%)⁻³) / 9.8%
= 3,360 x 2.49563439768461
= $8,385.33
Find out more on the present value of periodic payments at brainly.com/question/17244776.
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Answer:
just time the numbers all together and I think the answers is B
