Question: Please guys help me with this question, its really hard. You wish to buy a $28,000 car. The dealer offers you a 4-year loan with

Please guys help me with this question, its really hard.

You wish to buy a $28,000 car. The dealer offers you a 4-year loan with a 10 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Payment

$ per month

How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Payment

$ per month

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