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Your local auto dealer has offered 48-month 4.8% APR financing (monthly compounded) on a new car costing $48,000. (No down payment.) What will be your

Your local auto dealer has offered 48-month 4.8% APR financing (monthly compounded) on a new car costing $48,000. (No down payment.) What will be your monthly payment? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.

a $2,575.3 b $1,264.0 c $1,153.9 d $1,101.1 e $861.0

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