Find the monthly car payment

Reference no: EM13180094

A four-wheel-drive truck is purchased for $21,900 and a down payment of $2,100 is made. The balance is financed for 3 years at an annual interest rate of 8%. Find the monthly car payment. Use the Monthly Payment Table. Round to the nearest cent.

a. $586.27
b. $620.46
c. $666.27
d. $696.27

Reference no: EM13180094

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