Cost of tire if we consider annual interest rates

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Reference no: EM13815137

A college student has been looking for tires and has found the following:

Tire Warranty for Tire A is 6 months at a price per tire of $31.59. What is MONTHLY worth/cost of Tire A if we consider annual interest rates are at 10%?

A)$5.69

B) $5.42

C) $5.08

D) $5.11

E) $9.84

Reference no: EM13815137

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