1. Elizabeth wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Veer Motors would let her make quarterly payments of $9,600.00 for 2 years at a quarterly interest rate of 3.22 percent. Her first payment to Veer Motors would be due immediately. If Hagen Cars would let her make equal monthly payments of $3,900.00 at a monthly interest rate of 1.28 percent and if her first payment to Hagen Cars would be in 1 month, then how many monthly payments would Elizabeth need to make to Hagen Cars?

   		7.58 (plus or minus 0.3 payments)
   		19.87 (plus or minus 0.3 payments)
   		20.16 (plus or minus 0.3 payments)
   		7.48 (plus or minus 0.3 payments)
   		7.51 (plus or minus 0.3 payments)