You Are Interested in Purchasing a New Automobile That Costs

question 34

Multiple Choice

You are interested in purchasing a new automobile that costs $35,000.The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 months.Assuming that you do not make a down payment on the auto and you take the dealer's financing deal,then your monthly car payments would be closest to:

• A)$729.
• B)$822.
• C)$842.
• D)$647.