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. OA. $132.40; $9.56 O 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. OA. $132.40; $9.56 O B. $66.20; $56.64 OC. $132.40; $56.64 O D. $126.20; $9.56
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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Nn.160.
Subject :- Finance
![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%2Fd986a56f-3a59-4e68-9e60-04404f7f6ae4%2F2q2ldxq_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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