consult the table.
josephine needs a 10,000 loan to purchase her first car. if she can afford a maximum of 250 per month for her car payment and she wants to pay off the loan as quickly as possible, which loan term should she select?

If we start from the maximum that Josephine can pay, which is $ 250 a month, among the three possibilities there are, the closest is $ 226, which increased to 4% interest would be: $ 235.04, is within what you can pay, and therefore the months would be 48.

The answer is: 48 months.

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consult the table. josephine needs a 10,000 loan to purchase her first car. if she can afford a maximum of 250 per month for her car payment and she wants to pay off the loan as quickly as possible, which loan term should she select?​

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consult the table.
josephine needs a 10,000 loan to purchase her first car. if she can afford a maximum of 250 per month for her car payment and she wants to pay off the loan as quickly as possible, which loan term should she select?