Question

What would a monthly payment be on a purchase of a $11,000 car at 5.9% for 4 years?

A) $257.83

B) $252.50

C) -$257.83

D) $250.00​

Answer 1

A) $257.83

Explanation:

A spreadsheet or financial calculator will tell you the monthly payment on $11,000 at 5.9% annual rate for 4 years is ...

$257.83