Assignment help 523

Shirley Stewart is planning to buy a Toyota hybrid for $18,979 with $2,200 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 7.5% for 60 months.

a.What would be her monthly payment to Citizens’ Financial Bank? (Do not round intermediate calculations. Round your answer to the nearest cent.

Monthly payment: $_________

b.What would be her monthly payment to Charter One Bank? (Do not round intermediate calculations. Round your answer to

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