Your set of wheels is on its last leg and you are looking for a new mode of

transportation so that you can visit your boyfriend in Omaha. At the moment you

have only $$8000$ to put towards the car. The car you are looking at is a beautiful new

bright green Mini Cooper. The list price on this car is $$17,000$ and you can get a $60$

month loan at an APR $($Annual Percentage Rate$)$ of $6\mathrm{.}15\%$ compounded monthly.

What would your monthly payments be on the loan for this car?