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Suppose that you decide to buy a car for $28 comma 635, including taxes and license fees. You saved $ 5000 for a down payment

Suppose that you decide to buy a car for $28 comma 635, including taxes and license fees. You saved $ 5000 for a down payment and can get a five-year car loan at 7.72%. Use PMT equals StartStartFraction Upper P left parenthesis StartFraction r Over n EndFraction right parenthesis OverOver left bracket 1 minus left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript negative nt right bracket EndEndFraction to find the monthly payment and the total interest for the loan. Question content area bottom Part 1 The monthly payment is $ enter your response here. (Round to the nearest cent as needed.)

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