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A woman buys a car for 40 000 If the interest rate on the loan...

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A woman buys a car for 40 000 If the interest rate on the loan is 12 compounded monthly and if she wants to make monthly payments of 800 for 2 years how much must she have for a down payment Round your answer to the nearest dollar A 29 301 B 23 005 C 27 573 D 26 075 21 659

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Transcribed Image Text

A woman buys a car for 40 000 If the interest rate on the loan is 12 compounded monthly and if she wants to make monthly payments of 800 for 2 years how much must she have for a down payment Round your answer to the nearest dollar A 29 301 B 23 005 C 27 573 D 26 075 21 659

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