Ahmed purchased a new vehicle costing $28,500 through the dealer's financing promotion.Monthly payments were made at the beginning of each month for 6 years at a rate of 5.5% compounded quarterly.Determine the total amount of interest paid over the 6 year period.
A)$9,109
B)$6,920
C)$5,245
D)$4,849

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The Answer of Ahmed purchased a new vehicle costing $28,500 through the dealer's financing promotion.Monthly payments were made at the beginning of each month for 6 years at a rate of 5.5% compounded quarterly.Determine the total amount of interest paid over the 6 year period.
A)$9,109
B)$6,920
C)$5,245
D)$4,849

Ahmed Purchased a New Vehicle Costing $28,500 Through the Dealer's