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You have decided to buy a new BMW 3281C convertible which fully loaded the dealer will sell you for $40,000 with your trade in. The

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You have decided to buy a new BMW 3281C convertible which fully loaded the dealer will sell you for $40,000 with your trade in. The financing that the dealer is offering is as year loan at 6.5% (APR) and the first loan payment is due one-month from now. What is your monthly payment if payments are due at the beginning of the month, rather than at the end of the month. (8 points) 5775.08 5778.43 52563.16 5782.65

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