Question $34(1$ point$)$

You've won the lottery and decided to buy a new car. You like to cruise around

during the summer in Winnipeg, so you decide to buy a Porsche $911$ as your summer

vehicle.

Its price is only $$183,000.$ You can finance the entire amount at a special interest

rate of $0\mathrm{.}4\%$ per month $($effective monthly rate$)$ over a $10-$year period.

How much will you owe after $5-$ year payments?

Answer in dollars, round to two decimal places. Do not put $ or $,$ in your answer.

Your Answer:

Answer