15. Choose the best answer

You want to buy a car whose cost is $ 30,000, plan an early payment of 5,000. Assume you are granted a 6% loan, payable in six years, calculate the monthly payment and total interest paid.

Possible Answers:

1. The payment would be $ 414. 32 and interest would be paid for $ 4,831.20

2. The payment would be $ 714.32 and interest would be paid for $ 7,831.20

3.The payment would be $ 514.32 and interest would be paid for $ 5,831.20

4.The payment would be $ 614.32 and interest would be paid for $ 6,831.20