Question

Assume you are buying a $15,000 car, with a 12 month loan at 5% interest, a net down payment of $2,500, and

a $40 (non-taxable) fee with 6% in sales tax.
What will be your monthly payment?
A. Between $1000 and $1049
B. Between $1050 and $1099
C. Between $1100 and $1149
D. Between $1150 and $1200

Answer 1

The answer would be C