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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Shirley Stewart is planning to buy a Toyota hybrid for $18,999 with $2,000 down and plans to finance the car. Citizens' Financial Bank quoted a finance charge at 8% for 48 months; Charter One bank quoted her a finance charge at 7.50% for 60 months. (a) What would be her monthly payment to Citizens' Financial Bank to the nearest cent? (b) What would be her monthly payment to Charter One Bank to the nearest cent? Use the loan amortization table. (c) How much more would her monthly payment be on the 48-month loan?
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