SOLUTION: Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,050 with factory and dealer rebates of $5,100 a) Find the monthly

Question 773665: Assume the car can be purchased for 0% down for 60 months (in lieu of rebate).
A car with a sticker price of $42,050 with factory and dealer rebates of $5,100 a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.)
Found 2 solutions by josmiceli, warmjen:
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Without the rebate, the sticker price
would have been
The monthly payments for months with no
interest and no money down are:

$785.83

Answer by warmjen(1) (Show Source): You can put this solution on YOUR website!
You deduct 5100 from 42050 and come up with 36950 and divide by 60 coming up with 615.83
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