You Are Buying a Car for $7,500,paying $900 Down in Cash,and

You are buying a car for $7,500,paying $900 down in cash,and financing the balance for 24 months at 6.5 percent,compounded monthly.What is the amount of each monthly loan payment?

A) $318.64
B) $294.01
C) $302.02
D) $264.78
E) $245.09