15).

a.b.

P Suppose that you borrow $14,000 for five years at 8% toward the purchase of a car. Use PMT = to find the monthly payments and the -nt 1- 1 + n total interest for the loan. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $0. (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.) Determine whether the following statement makes sense or does not make sense, and explain your reasoning. I have little tolerance for risk, so I must be willing to accept lower returns on my investments. Choose the correct answer below. A. The statement makes sense, because the more risk you are willing to accept, the higher returns you might gain on your investments. B. The statement makes sense, because the less risk you are willing to accept the higher returns you might gain on your investments. C. The statement does not make sense, because the less risk you are willing to accept, the higher returns you might gain on your investments. D. The statement does not make sense, because the more risk you are willing to accept, the lower returns you might gain on your investments