Hunan bought a car priced at $15,700 for 15% down and equal monthly payments for four years. If interest is 6% compounded monthly, what is the size of the monthly payment?

The monthly payment is $______
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer rating: 100% (QA)

Price of car 415700 x 415700 Loon amount affer 1... View the full answer