Question

MJ bought a new car. She financed $13500 at 3.9% / a compounded monthly and chose to make monthly payments for 4 years. a) What amount does MJ pay per month? b) MJ was told by the dealership that her payments would be $321.89 per month for 48 months. If MJ wouldn't correct them how much extra would she pay?

Fig: 1

Fig: 2

Fig: 3