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Jesse wants to buy a car that is available at 2 dealerships. The price of the car is the same at both dealerships. Sonic Motors
- Jesse wants to buy a car that is available at 2 dealerships. The price of the car is the same at both dealerships. Sonic Motors would let her make quarterly payments of $8,900 for 5 years at a quarterly rate of 4.79%. Her first payment to Sonic Motors would be due immediately. If Howard Cars would let her make monthly payments of $4,500 at a monthly interest rate of 2.02% and if her first payment to Howard Cars would be in 1 month, then how many monthly payments would Jesse need to make to Howard Cars?
- 15.28 (plus or minus 0.3 payments)
- 15.64 (plus or minus 0.3 payments)
- 36.77 (plus or minus 0.3 payments)
- 37.88 (plus or minus 0.3 payments)
- 15.06 (plus or minus 0.3 payments)
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