Your client needs to buy a car. The vehicle price is $$21900$ and they intend to make a down payment of $$6000.$

Given the following information, how much will the Full loan payment be$?$

Assume compounding and payments at $12$ times per year.

Item Value

Interest rate $4\mathrm{.}40\%$

Amortization period $7$ years

Annual Gross Income $$73000$

Rent monthly including utilities $$450$

Existing Debt payments per month $$550$