You are interested in purchasing a new Honda Fit for $15,650. The sales tax in NC is 7%. The dealership informs you that you qualify for 0.9% APR financing for 3 years (not bad!).You have a trade-in worth $1,500 and you have a down payment of $500.

b. Calculate the monthly payment.Round your answer UP to the nearest dollar.(This is often done with loansto make surethat the entire loan is paid off with all of the payments.Most of the time,the last payment will besmaller to make sure you don't pay more than you owe.) and loan amount