Solve the Problem. -An Item Is Purchased for $10,000 with a Down Payment

Multiple Choice

Solve the problem.
-An item is purchased for $10,000 with a down payment of $3000. There is a finance charge of $2000. Find the monthly payment if 60 payments are made.

A) $116.67
B) $150.00
C) $200.00
D) None of the above is correct.