You are looking to purchase a used Audi from Audi of Carlsbad. The car you wish to purchase costs $18,000. Your bank has agreed to lend you the money but you must put 1/3 of the purchase price down. The rate on the loan is 3% and it is for four years. What is the monthly payment?

Group of answer choices

$325.05

$375.61

$265.61

$200.83

None of the above