You are considering purchasing a new car 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) $1 454
B) $467
C) $478
D) $527
Correct Answer:
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