Question: Question 6 3 points Save Answer Jimmy just bought a new Ford SUV for his business. The price of the vehicle was $40,000. Jimmy made

Question 6 3 points Save Answer Jimmy just bought a new

Question 6 3 points Save Answer Jimmy just bought a new Ford SUV for his business. The price of the vehicle was $40,000. Jimmy made a $8,000 down payment and took out an amortized loan for the rest The car dealership made the loan at 8% interest compounded monthly for four years. He is to pay back the principal and interest in equal monthly installments beginning one month from now. Determine the amount of Jimmy's monthly payment a. $734.56 b. $759.67 c. $781.21 d. $809.33

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