ralphs24
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consult the table.
josephine needs a 10,000 loan to purchase her first car. if she can afford a maximum of 250 per month for her car payment and she wants to pay off the loan as quickly as possible, which loan term should she select?​

consult the table josephine needs a 10000 loan to purchase her first car if she can afford a maximum of 250 per month for her car payment and she wants to pay o class=

Respuesta :

legoman040402

Answer:

Id say 48 months

Explanation:

It is the nearest value to 250 with the least interest rate.

crisvinl65

Answer:

The answer is: 48 months.

Explanation:

If we start from the maximum that Josephine can pay, which is $ 250 a month, among the three possibilities there are, the closest is $ 226, which increased to 4% interest would be: $ 235.04, is within what you can pay, and therefore the months would be 48.

The answer is: 48 months.