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You decide to purchase a 2020 Bentley Continental Flying Spur for $169,990 by putting $40,000 in down payment and financing the remainder. Your best friend
You decide to purchase a 2020 Bentley Continental Flying Spur for $169,990 by putting $40,000 in down payment and financing the remainder. "Your best friend" car dealer charges you an annual percentage rate (APR) of 15%. You want to pay a monthly payment of $3092.45. How many years will it take to pay off the loan?
Select one:
A.4 years
B.5 years
C.6 years
D.7 years
E.None of the answers given in A, B, C, and D are correct.
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