Alan wants to buy a car in one year; the projected price of the vehicle is $37,500. If he puts down $7,500 and finances the balance over five years at a dealer financing rate of 4.5% (i.e., annual percentage rate) what will his monthly amortized loan payment? (Note that for purposes of this question assume the monthly payments are made at the end of the period.)

	a.	$1391.03
	b.	$569.48
	c.	$559.29
	d.	$557.20