Question: n Use PMT = -nt Round to the nearest dollar. 9) Suppose you are thinking about buying a car and have narrowed down your choices

n Use PMT = -nt Round to the nearest dollar. 9) Suppose you are thinking about buying a car and have narrowed down your choices to options: The new-car option: The new car costs $22,000 and can be financed with a four-year loe 6.15%. The used-car option: A two-year old model of the same car costs $13,000 and can be financed with a four-year loan at 6.89%. What is the difference in monthly payments between financing the new car and financin car

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