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.)
More in monthly payment $