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Question 14 You want to buy a $14,600 car and the dealer offers you a 5-year loan with an 5.15% APR and no down payment

Question 14

"You want to buy a $14,600 car and the dealer offers you a 5-year loan with an 5.15% APR and no down payment required - Assuming monthly compounding, what will the monthly payments be?"

		$276.52
		$790.76
		$243.33
		$255.87
		$681.33
		$246.53
		$415.72

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