You have just graduated from college and purchased a car for $8000. Your credit limit is $20,000. Assume that you make no payments and purchase nothing more and that there are no other fees. The monthly interest rate is 12%. Find the y-intercept for the exponential function which represents how much you will owe (represented by y) after x months with no more purchases or payments.
A. (0, 20000)
B. (8000, 0)
C. (0, 8000)
D. (20000, 0)
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