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10. Maria is financing a new truck with a loan of $12,000 to be repaid in 48 monthly payment and it is financed at an

10. Maria is financing a new truck with a loan of $12,000 to be repaid in 48 monthly payment and it is financed at an APR of 7.9%. What is her monthly payment and her payoff balance after her 24th payment, respectively?

2

  1. $973.31, $5,528.44

  2. $292.39, $1,488.92

  3. $184.10, $44.24

  4. $292.39, $6471.56

  5. $292.39, $248.15

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