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IRISSAK [1]
3 years ago
15

Derrick wishes to purchase a new car and can afford monthly repayments of up to $200 per month. Financing is available, and the

terms of the deal are that the loan lasts for 5 years, and the annual interest rate is 19.9%. What is the maximum price for a car that Derrick's budget can afford?
Round your answer to the nearest hundred dollars.
Mathematics
1 answer:
frosja888 [35]3 years ago
5 0

Answer: 7600

Step-by-step explanation:

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