To
answer this question we have to first determine how many times 100
can go into 13,300. To find this we do the following:
$13,300/$100
= 133
Now
we simply multiply the result by $2.74:
$2.74133
= $364.42.
Finally
we just multiply that by the total number of payments which are
(monthly payment, 12 months in a year, for 4 years).
$364.42(12*4)
---> $364.42*48 = $17,492.16.
The correct answer is choice 4.) 17,492.16
I
hope this helps, Regards.
