You are considering the purchase of a new car with a price of $48,200. you can make a down payment of $10,000 and finance the remaining balance over 5 years (60 months) at 6.0%. you wonder if you can

You are considering the purchase of a new car with a price of $48,200. you can make a down payment of $10,000 and finance the remaining balance over 5 years (60 months) at 6.0%. you wonder if you can afford the monthly payments. how much will the monthly payment be? (ch6)