14
QuizMultiple Choice

Credit and Types of Loans — Test

Question 14 • Financial Math

Tetsuo has decided to purchase a new car. He decides to put 10 percent down and finance the remaining balance. The bank offers Tetsuo a 36 month loan at 6 point 7 1 percent If the car is valued at 32 dollars comma 000 , what will his monthly payments be?

Answer
A
885 point 4 5 dollars
B
983 point 9 3 dollars
C
782 point 6 5 dollars
D
688 point 8 8 dollars
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