Emily is buying a new car for $1,700. The dealer is charging her an annual interest rate of 10.2%. If she pays off the loan in 24 months, what are her monthly payments? If she makes a down payment of $210, how much will her monthly payments be? Round to two decimal places. OA. $170.57; $74.75 OB. $170.57; $10.54 OC. $85.28; $74.75 OD. $145.28; $10.54 CID
Emily is buying a new car for $1,700. The dealer is charging her an annual interest rate of 10.2%. If she pays off the loan in 24 months, what are her monthly payments? If she makes a down payment of $210, how much will her monthly payments be? Round to two decimal places. OA. $170.57; $74.75 OB. $170.57; $10.54 OC. $85.28; $74.75 OD. $145.28; $10.54 CID
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Emily is buying a new car for $1,700. The dealer is charging her an annual interest rate of 10.2%. If she pays off the loan in 24 months, what are her monthly payments? If she makes a down
payment of $210, how much will her monthly payments be? Round to two decimal places.
OA. $170.57; $74.75
B. $170.57; $10.54
C. $85.28; $74.75
O D. $145.28; $10.54](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7e87b695-12fc-4dc8-83cc-95726292be00%2Fe8bfb26a-3c6b-4fe5-ae6e-a2143f140b89%2Fntf2uwr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Emily is buying a new car for $1,700. The dealer is charging her an annual interest rate of 10.2%. If she pays off the loan in 24 months, what are her monthly payments? If she makes a down
payment of $210, how much will her monthly payments be? Round to two decimal places.
OA. $170.57; $74.75
B. $170.57; $10.54
C. $85.28; $74.75
O D. $145.28; $10.54
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