You are buying a car at a price of $50,000. You will be putting a down payment of $10,000 and financing the remainder. The car loan (ie: the amount you are financing) will be fully amortized over 6 years and the nominal interest rate is 6% with interest paid monthly (month end). What will be the monthly loan payment? $1,695.95 $662.92 $4,771.08 $869.98 $10,168.13