You are interested in purchasing a new automobile that costs $35,000.The dealership offers you a special financing rate of 6% APR (0.5%)per month for 48 months.Assuming that you do not make a down payment on the auto and you take the dealer's financing deal,then your monthly car payments would be closest to:
A)$729.
B)$822.
C)$842.
D)$647.

Question

Quizplus · Accepted Answer

The Answer of You are interested in purchasing a new automobile that costs $35,000.The dealership offers you a special financing rate of 6% APR (0.5%)per month for 48 months.Assuming that you do not make a down payment on the auto and you take the dealer's financing deal,then your monthly car payments would be closest to:
A)$729.
B)$822.
C)$842.
D)$647.

You Are Interested in Purchasing a New Automobile That Costs