Find the Amount of Interest and the Monthly Payment for the Loan

Multiple Choice

Find the amount of interest and the monthly payment for the loan described below. Round your answers to the nearest cent. Purchased a car for $24,150 at 2.7% add-on interest for 2 years.

A) $\$ 1,304 \cdot 10$ interest; $\$ 1,061.32$ per month
B) $\$ 1,304 \cdot 10$ interest; $\$ 2,121.18$ per month
C) $\$ 1,304 \cdot 10$ interest; $\$ 1,060.59$ per month
D) $\$ 1,321.71$ interest; $\$ 1,061.32$ per month
E) $\$ 1,321.71$ interest; $\$ 1,060.59$ per month