$27$

You believe you will be able to buy a new Audi A$5$ Coupe four years from now. The current price of this model is $$47,710.$ You read in Car and Driver magazine that the price of a new car of this model is expected to rise by $5\%$ per year into the foreseeable future. When you are ready to buy it$,$ your local bank will give you a $5$ year loan at an annual interest rate of $15\mathrm{.}3\%,$ with a $10\%$ down payment required. How much will your monthly payments be$?$

$00$:$30$:$36$

Multiple Choice

$$1390\mathrm{.}08$

$$1142\mathrm{.}54$

$$1371\mathrm{.}05$

$$1249\mathrm{.}89$

$$1383\mathrm{.}97$