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Martha bought a car through financing. She borrowed $25,000 for 5 years with a 5% APR. Based on the table provided below (monthly payment per

Martha bought a car through financing. She borrowed $25,000 for 5 years with a 5% APR. Based on the table provided below (monthly payment per $1,000 borrowed), Marthas monthly payment is:

APR

3 years

4 years

5 years

5%

$29.98

$23.03

$18.88

6%

30.43

23.49

19.34

7%

30.88

23.95

19.81

8%

31.34

24.42

20.28

9%

31.80

24.89

20.76

10%

32.27

25.37

21.25

Select one:

a. $472

b. $1,250

c. $250

d. $417

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