Mathematics, 13.01.2017 04:13 jlong2043

# Annie would like to take out a loan to put a new playground in her yard for her kids. she offers her car which is worth $7,800 as collateral. the loan officer at the bank is permitted to loan annie 92% of the value of her collateral. how much will annie be able to borrow for the playground using her car as collateral?

a.

$7,708.00

b.

$7,176.00

c.

$7,800.00

d.

$8,478.26

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Annie would like to take out a loan to put a new playground in her yard for her kids. she offers her...

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