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QUESTION 44 Chris is buying a new Lexus. The cost is $60,000 with no money down and payable in 60 equal monthly payments which include

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QUESTION 44 Chris is buying a new Lexus. The cost is $60,000 with no money down and payable in 60 equal monthly payments which include interest at an annual rate of 4.7%. You called the bank and they said that 4.7% was a fair interest rate for car loans at this time What are the monthly payments? O A. some other number 8.51,124.05 OC. $1,129.50 OD.51,338.24 OE $4.847.88 Extra Credit Zero coupon bonds are purchased by people who think O A. future interest rates are going to fluctuate B. future interest rates are going up C. future interest rates are going down D. future interest rates are indeterminate E. is very unsure about future interest rates

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