Search for question
Question

1. Suzanna is purchasing a new car valued at $19, 275. She will finance the purchase for 54 months. If her credit score is excellent, the interest rate will be 8% annually, and if her credit score is average, the interest rate will be 14% annually. Find Suzanna's monthly payment at both 8%, and at 14%.

Fig: 1

Fig: 2

Fig: 3