1. Your clients just purchased a new automobile for $28,600. They put $3,600 as a down payment; the remainder is financed. The terms of the fully amortized loan follow: 6-year loan, monthly payments made at the end of month, 6.8% annual percentage rate. How much is their monthly payment?

   	a.	$421.44
   	b.	$423.83
   	c.	$406.72
   	d.	$434.38