Question: Is this choice right or wrong? You have your first full - time job and you want to buy a new Sports Utility Vehicle (

Is this choice right or wrong?
You have your first full-time job and you want to buy a new Sports Utility Vehicle (SUV) as your first car after university. You have identified the car and it will cost
$53,500. You can put $3,000 down but you will have to get a loan for the remainder ($50,500). The bank has advertised car loans for 3.6% for a 5-year loan. What
would be your monthly payment for the car loan (to the nearest dollar)?
A. $921? month
B. $842? month
C. $888/month
D. $872? month
 Is this choice right or wrong? You have your first full-time

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