You are considering purchasing a new automobile that will cost you $28,000.The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month).Assuming you finance the entire $28,000 and finance through the dealer,your monthly payments will be closest to:
A)$1454.
B)$527.
C)$467.
D)$457.

Question

Quizplus · Accepted Answer

The Answer of You are considering purchasing a new automobile that will cost you $28,000.The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month).Assuming you finance the entire $28,000 and finance through the dealer,your monthly payments will be closest to:
A)$1454.
B)$527.
C)$467.
D)$457.

You Are Considering Purchasing a New Automobile That Will Cost