Question
13. Nav bought a Toyota Corolla 2018 from Downtown Toyota for $20,078.00 on finance agreement with BMO at 5.99% compounded monthly. Calculate the monthly payment
13. Nav bought a Toyota Corolla 2018 from Downtown Toyota 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
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