单选题 Sarah Parker is buying a new $ 25000 car. Her trade - in is worth $5000 so she needs to borrow $ 20000. The loan will be paid in 48 monthly installments and the annual interest rate on the loan is 7.5%. If the first payment is due at the end of the first month, what is Sarah's monthly car payment?
【正确答案】 C
【答案解析】N=48; I/Y=7.5/12=0.625; PV=20000; FV=0; CPT→PMT=483.58.