One dealer is selling the Nissan Leaf Hatchback for $ 26,800.00. Their finance company is offering a 48-month amortized loan at a rate of 2.25%. Assume a down payment of 21%.

What will the monthly payment be?

$

How much will the car cost, in total?

$

How much money will be paid in interest?

$

If you agreed to make payments once every 2 weeks, what would your payments be?

$

Would this save you money or cost more?

A)The payment frequency has no effect

B)This would save you money

C)This would cost more