Brainliest + Points HELP PLEASE
Calculate the monthly payment for a $10,000 auto loan over three years at 5% annual interest.
Use the formula,
P = Ar (1+r)^n/(1+r)^n-1
where A is the amount to finance, r is the monthly interest rate, and n is the number of months to pay.
A.
$241.73
B.
$299.71
C.
$353.48
D.
$397.42