Question

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?

Answer 1

667.38

Explanation:

28,000 loan amount

4 years

6.76%

Answer 2

a.

$567.27

Explanation:

Edge 2020