17. Matt can afford car payments of $435 a month for 5 years. The bank will lend him this money at 5.75 percent interest. How much can Matt borrow? A. $2,144.08 B. $7,300.98 C. $22,099.77 D. $22,636.48 E. None of the above Use the following information to answer questions 18 and 19: Georgette recently received a credit card with an 18.50% nominal interest rate. With the card, she purchased a laptop for $1150. The minimum payment on the card is only $30 per month. 18. If she were to make the minimum monthly payment and makes no other charges, how many months will it be before she pays off the balance? A. 3.85 months B. 6.50 months C. 58.43 months D. 58.43 years E. None of the above 19. If Georgette makes monthly payments of $45, how many months will it be before she pays off the debt? A. 2.11 months B. 23.37 months C. 28.73 months D. 29.14 months E. None of the above 20. You are purchasing a 20-year, 6 percent annuity at a cost of $70,000. The annuity will pay annual payments at the end of each year. What is the amount of each payment? A. $6,102.92 B. $6,175.24 C. $6,607.50 D. $224,499.48 E. None of the above