A car is purchased for $16,999, and a down payment of $999 is made. The balance is financed for 5 years at an annual interest rate of 5%. Find the monthly car payment.
A) $368.47
B) $309.32
C) $294.66
D) $301.94
E) $257.68

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The Answer of A car is purchased for $16,999, and a down payment of $999 is made. The balance is financed for 5 years at an annual interest rate of 5%. Find the monthly car payment.
A) $368.47
B) $309.32
C) $294.66
D) $301.94
E) $257.68

A Car Is Purchased for $16,999, and a Down Payment