You plan to purchase a automobileand negotiate a purchase price of$46,900 with the dealer representative. You currently have enough cashfor a 10% down payment and your local credit unionoffers you aa 6 year loan with a fixed annual rate of 5.75%. Based on this information,what will your monthly required payment be?

Select one:a. $846.78 b. $771.75 c. $694.57 d. $578.55 e. $556.89