Emily is buying a new car for $1,800. The dealer is charging her an annual interest rate of 10.8%. If she pays off the loan in 36 months, what are her monthly payments? If she makes a down payment of $260, how much will her monthly payments be? Round to two decimal places. O A. $132.40; $9.56 B. $66.20; $56.64 OC. $132.40; $56.64 O D. $126.20; $9.56
Emily is buying a new car for $1,800. The dealer is charging her an annual interest rate of 10.8%. If she pays off the loan in 36 months, what are her monthly payments? If she makes a down payment of $260, how much will her monthly payments be? Round to two decimal places. O A. $132.40; $9.56 B. $66.20; $56.64 OC. $132.40; $56.64 O D. $126.20; $9.56
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Subject :- Economy
![Emily is buying a new car for $1,800. The dealer is charging her an annual interest rate of 10.8%. If she pays off the
loan in 36 months, what are her monthly payments? If she makes a down payment of $260, how much will her
monthly payments be? Round to two decimal places.
O A. $132.40; $9.56
B. $66.20; $56.64
OC. $132.40; $56.64
O D. $126.20; $9.56](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a79f5fd-2bdd-484b-9c0d-a83d48b55247%2Fad1310f2-d7db-4b4a-b521-c4e4f6b3dea4%2F5q6u95k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Emily is buying a new car for $1,800. The dealer is charging her an annual interest rate of 10.8%. If she pays off the
loan in 36 months, what are her monthly payments? If she makes a down payment of $260, how much will her
monthly payments be? Round to two decimal places.
O A. $132.40; $9.56
B. $66.20; $56.64
OC. $132.40; $56.64
O D. $126.20; $9.56
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