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Jesse wants to buy a car that is available at 2 dealerships. The price of the car is the same at both dealerships. Sonic Motors

  1. Jesse wants to buy a car that is available at 2 dealerships. The price of the car is the same at both dealerships. Sonic Motors would let her make quarterly payments of $8,900 for 5 years at a quarterly rate of 4.79%. Her first payment to Sonic Motors would be due immediately. If Howard Cars would let her make monthly payments of $4,500 at a monthly interest rate of 2.02% and if her first payment to Howard Cars would be in 1 month, then how many monthly payments would Jesse need to make to Howard Cars?
    1. 15.28 (plus or minus 0.3 payments)
    2. 15.64 (plus or minus 0.3 payments)
    3. 36.77 (plus or minus 0.3 payments)
    4. 37.88 (plus or minus 0.3 payments)
    5. 15.06 (plus or minus 0.3 payments)

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