What are your monthly car payments

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Reference no: EM13304808

You are considering buying a new car. the sticker price is $15,000 and you have $2,000 to put toward a down payment. If you can negotiate a nominal annual interest rate of 10% and you wish to pay for the car over a 5 year period, what are your monthly car payments? show work

a. $216.67
b. $252.34
c. $276.21
d. 285.78
e. $318.71

Reference no: EM13304808

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