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If you borrow $35,000 to buy a car at 10% APR compounded monthly for 36 months, what are your monthly payments? Select one: A. 1,162.50

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If you borrow $35,000 to buy a car at 10% APR compounded monthly for 36 months, what are your monthly payments? Select one: A. 1,162.50 B. 1,120.02 C. 1,129.35 D. Correct answer not shown The formula for the future value of $100 in one year at 12% APR, (compounded annually) is =FV(.12,1,0,100) Select one: True False

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