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Annual interest rate due to your age

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Reference no: EM131761350

You are interested in buying a brand new Lexus IS-F, which costs $70,000 with full of cool options. A bank will lend you 100% of the purchase price for 4 years. As usual with an auto loan, you have to make equal monthly payments for 4 years (=48 months). The bank offers you a loan at 6.0% annual interest rate due to your age and credit score. How much is your monthly payment?

$1,839.19

$448.96

$1,676.81

$1,799.91

$1,643.95

$3,215.24

$1,741.44

$2,015.66

Reference no: EM131761350

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