Question 1157595

You want to buy a $17,000 car. You can make a 10% down payment and will finance the balance with a 2% interest rate for 48 months (4 years). What will your monthly payments be?
 
what are the monthly payments
<pre>FINANCING doesn't imply SIMPLE INTEREST!
I'm tired of pointing this out to the other person who responded and he NEVER, EVER changes his approach to these
problems! Maybe as an older person he just doesn't feel that he needs to listen to others and learn from them!
His answer, if you don't know by now, is INCORRECT!