Elin purchased a used car for $. She wrote a check for $ as a down payment for the car and financed the $ balance. The annual percentage rate (APR) is % compounded monthly, and the loan is to be repaid in equal monthly installments over the next years. Which of the following is most near to Elin's monthly car payment?
a. $167.
b. $172.
c. $188.
d. $200.
e. $218.
Answers: 1
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Elin purchased a used car for $. She wrote a check for $ as a down payment for the car and finance...
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