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What will monthly payment be

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Reference no: EM132904560

You want to buy a new sports car from Muscle Motors for $52,000. The contract is in the form of a 36-month annuity due at a 6.50 percent APR.

Required:

Problem 1: What will your monthly payment be?

Option 1: $1,553.46

Option 2: $1,593.75

Option 3: $1,585.16

Option 4: $1,505.90

Option 5: $1,616.87

Reference no: EM132904560

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