Question

What would a monthly payment be on a purchase of a $14,000 car at 3.9% for 5 years?

Answer 1

$14000 x 103.9% = $14546

It said 5 years, so each year = 12 months

12 x 5 = 60 installments

14546/60 = $242.43

Hope this helps.

Answer 2

the right APEX answer is $257.20