Question: You need to borrow $ 4 8 , 0 0 0 to purchase a new truck. The current loan rate is 5 . 7 5

You need to borrow $48,000 to purchase a new truck. The current loan rate is 5.75% compounded MONTHLY. You decide that you want to pay the loan off in equal monthly payments over 6 years. What is the size of your monthly payment?
$603.14
$681.56
$789.85
$812.30
$840.66
You need to borrow $48,000 to purchase a new truck. The

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