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14/60 14 1.5 points You've just borrowed $15,000 to purchase a used car. The car-dealer is offering terms with 4 years of equally-sized monthly payments,

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14/60 14 1.5 points You've just borrowed $15,000 to purchase a used car. The car-dealer is offering terms with 4 years of equally-sized monthly payments, with the first payment due in one month. The car-dealer is offering an interest rate of 9% APR with monthly compounding. What is the size of the monthly payment? B) $312.50 C) $340.63 A) $314.84 E) $4,630.03 O D) $373.28 Next

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