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QUESTION 15 This morning, you borrowed 512,700 at an APR of 6.9 percent. If you repay the loan in one lump sum four years from

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QUESTION 15 This morning, you borrowed 512,700 at an APR of 6.9 percent. If you repay the loan in one lump sum four years from today, how much will you have to repay? O A. $16,369.60 O B. $16,382.00 OC. $17.575.64 O D. $16,898.88 O E $16,584.96 QUESTION 16 Allison can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can she afford to borrow to purchase a car? O A $11,697.88 OB. $10.266.67 OC. $12,348.03 OD. 510,400.00 O E $11,750.00

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