Shirley stewart is planning to buy a toyota hybrid for, Ask an Expert

Finance

Shirley Stewart is planning to buy a Toyota hybrid for $18,929 with $2,700 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 the nearest cent.)

Monthly payment $

c. How much more would her monthly payment be on the 48-month loan? (Do not round intermediate calculations. Round your answer to the nearest cent.)

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