Find the present value of the annuity. Assume that all interest rates are annual rates.If Peter can afford car payments of $245 per month for 6 years, what is the price of a car that he can afford now? Assume an interest rate of 8%.

A. $14,523.56
B. $14,673.46
C. $13,905.36
D. $13,973.46


Answer: D

Mathematics

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A.

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