The Jepsens Are Buying a $22,800 Car and Financing It

Multiple Choice

The Jepsens are buying a $22,800 car and financing it over the next 6 years.They secure a 6.5% loan. What will be the total of the monthly payments? Round to the nearest cent.

A) $23,455.90
B) $27,595.18
C) $9,198.39
D) $82,785.54
E) $13,797.59