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Belore purchasing a used car, Cody Lind checked www.kbb.com to leam what he should offer for the used car he wanted to buy. Then be

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Belore purchasing a used car, Cody Lind checked www.kbb.com to leam what he should offer for the used car he wanted to buy. Then be conducted a cariax com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchssed the used car for $14,750. He put $2,000 down and financed the rest with a 48 -month, 7.5\% loan. What is his monthly car payment by table lookup? (Use Table 14.2) Note: Do not round intermedlate calculations. Round your answer to the nearest cent. TABLE 14.2 er $1,000 to pay principal and interest on installment loan)

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