Find the payment necessary to amortize the loan using the amortization table. Round to the nearest cent.Marge and Tom Martin bought a new car for $30,000. They agreed to pay 25% down and make monthly payments for 4 years at 10% (compounded monthly) to pay off the rest.

A. $2,273.43
B. $726.01
C. $760.80
D. $570.60


Answer: D

Mathematics

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Mathematics