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Hana has decided to purchase a new car. She decides to put 15% down and finance the remaining balance. The bank offers Hana a 48 month loan at 6.76%. If the car is valued at $28…

Hana has decided to purchase a new car. She decides to put 15% down and finance the remaining balance. The bank offers Hana a 48 month loan at 6.76%. If the car is valued at $28…
asked 111k views
4 votes
Hana has decided to purchase a new car. She decides to put 15% down and finance the remaining balance. The bank offers Hana a 48 month loan at 6.76%. If the car is valued at $28,000, what will her monthly payments be?

asked
User David Antoon
by
7.7k points

2 Answers

4 votes

Answer:

667.38

Explanation:

28,000 loan amount

4 years

6.76%

answered
User Twicejr
by
8.1k points
1 vote

Answer:

a.

$567.27

Explanation:

Edge 2020

answered
User Sardar
by
8.3k points
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