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Mathematics, 04.02.2020 05:48, sugar75
The price of a new car is $20,000. assume an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 9%/year compounded monthly what monthly payment will she be required to make if the car is financed over a period of 48 months? what will the interest charges be if she elects the 48-month plan? round your answers to the nearest cent. a. r- $396.81; interest charges $2,917.44 b. r- $396.81; interest charges $2,953.28 c. r- $373.28; interest charges $2,917.44 d. r- $373.28; interest charges $2,953.
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