Question $16$

You want to purchase a new luxury electric vehicle that costs $$90,000.$ You can take a $6\mathrm{.}0\%$ APR loan with monthly payments sfarting next month. Suppose that you can only afford to make monthly payments of up to $$1,500.$ What is the minimum length of the loan that you will need for financing?

$36$ months

$60$ months

$72$ months

$48$ months