Question: please type it out You are thinking about buying a new car, for which you have negotiated the price to $28,000. You have $3,000 to

please type it out

You are thinking about buying a new car, for which you have negotiated the price to $28,000. You have $3,000 to put towards the down payment and plan to get a loan for the rest. If you can get an annual interest rate of 10.1 percent APR (with monthly compounding) over a 4-year loan, what would be your monthly payment? Round it to two decimal place (cents), e.g., 234.56. Your

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