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QUESTION 22 A student has a job that leaves him with $400 per month in disposable income. He decides that he will use the money

QUESTION 22 A student has a job that leaves him with $400 per month in disposable income. He decides that he will use the money to buy a car. Before looking for a car, he arranges a 100% loan whose terms are $400 per months for 36 months at 15% annual Interest. What is the maximum car purchase price that she can afford with her loan? a. 9.494 b. 10,452 c. 11,539 d. 12,698

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