How much would your monthly payment be on a 4-year loan if the following assumptions were true?

• You borrowed $4,900.
• The fixed APR on the loan is 5.7%.Note: A fixed APR is an annual interest rate that does not change during the 4-year period.
• You will make equal monthly payments to repay both the loan amount and the monthly interest charges.
• You want to completely pay off the loan in exactly 4 years.

This is only the beginning