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6. Carol is planning to take a loan in order to buy a car. She promised to pay $420 per month starting one month from

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6. Carol is planning to take a loan in order to buy a car. She promised to pay $420 per month starting one month from now at an annual interest rate of 18%, how much will she be able to borrow for the car today if she finances the amount over 5 years? * A) $14,891.56 O B) $16,539.72 h O C) $40,410.15 OD) $32,126.66 OE) None of the above

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