Multiple Choice
Roxy is about to purchase a $40,000 vehicle. She plans to pay $10,000 down and finance the rest over 4 years at a rate of 5.2% compounded annually. Determine the monthly payments that are to be made at the start of each month.
A) $589.05
B) $609.05
C) $689.05
D) $705.42
E) $729.50
Correct Answer:
Verified
Correct Answer:
Verified
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