Multiple Choice
Sam got a job at the Brick. He immediately finances a car paying $500 every month for 3 years. The interest is 2.25% compounded semi-annually. How much is the interest cost of the financing?
A) $17 392.96
B) $408.04
C) $603.37
D) $607.04
E) $609.81
Correct Answer:
Verified
Correct Answer:
Verified
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