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Alan bought a new car. The total amount he needs to borrow is $55,498. He plans on taking out a 5-year loan at an APR of 4.21%. What is the monthly payment? O $1,027.35 O $1,385.…

Alan bought a new car. The total amount he needs to borrow is $55,498. He plans on taking out a 5-year loan at an APR of 4.21%. What is the monthly payment? O $1,027.35 O $1,385.…
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Alan bought a new car. The total amount he needs to borrow is $55,498. He plans on

taking out a 5-year loan at an APR of 4.21%. What is the monthly payment?
O $1,027.35
O $1,385.38
O $1,400.34
O $1,100.48

User Dellon
by
9.2k points

1 Answer

7 votes

Answer:

1027.35

Explanation:

60 month/55498

User Laquanda
by
8.8k points
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