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You are interested in purchasing a new hybrid Ford F150 truck, and have negotiated a final price (including tax, undercoating, light effects, etc.) that costs

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You are interested in purchasing a new hybrid Ford F150 truck, and have negotiated a final price (including tax, undercoating, light effects, etc.) that costs $47,501. The dealership offers you a special financing rate of 4% APR. compounded monthly, with monthly payments for 5 years. Assume that you do not make a down payment, and finance (borrow) the entire purchase price. If you take the dealer's financing deal, then your monthly car payments would be Answer in dollars and cents. Do not include the $ sign

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