Scenario

$2$

$($

Use to answer Questions

$3$

$-$

$4$

$)$

: You have your heart set on buying a new car upon graduation. The purchase price of the car you want is $

$2$

$8$

$,$

$0$

$0$

$0$

$.$

$1$

$)$

$$if you finance it for

$6$

$0$

$$months at

$6$

$\%$

$$annual interest what will be your monthly payment?