If you borrow $22,000 for a new car and the terms of the loan call for 5 years of monthly payments at a quoted annual rate of 6%, What is your monthly payment? 1) $425 2) $5,223 3) $572 4) $4,400

If you borrow $22,000 for a new car and the terms of the loan call for 5 years of monthly payments at a quoted annual rate of 6%, What is your monthly payment? 1) $425 2) $5,223 3) $572 4) $4,400