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)$478
E)$497

Question

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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)$478
E)$497

You Are Considering Purchasing a New Automobile That Will Cost