Ali Bought Kia Forte 5 from Durham Kia for $20

question 75

Multiple Choice

Ali bought Kia Forte 5 from Durham Kia for $20 078.00 on finance agreement with BMO at 5.99% compounded monthly. Calculate the monthly payment on the loan, if the financing period is 60 months.

• A) $388.06
• B) $334.63
• C) $451.15
• D) $336.30
• E) $386.13