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?
- A. $480.57.
- B. $416.67.
- C. $483.58.