Final answer:
Mr. Howell's monthly car payment can be calculated by dividing the loan amount ($19,061) by the number of installments (36), which equals $529.47 when rounded to the nearest cent. However, none of the provided options match this calculation exactly.
Step-by-step explanation:
To calculate Mr. Howell's monthly payments for his car loan, we'll simply divide the total loan amount by the number of installments. Mr. Howell has a total car loan of $19,061 and he will pay it off in 36 monthly installments.
The monthly payment can be calculated by dividing the total loan amount by the number of installments:
Monthly Payment = Total Loan Amount / Number of Installments
Monthly Payment = $19,061 / 36
Monthly Payment = $529.472222...
When we round to the nearest cent, the monthly payment Mr. Howell needs to make becomes $529.47. None of the options provided exactly matches this result, so there is likely a discrepancy or additional information that is not included in the provided question (such as interest).