You (or your parents) purchase a new car for $19,725.00 plus 4.75% sales tax. the down payment is $2,175.00 and you (or your parents) have an average credit rating. use the table below to determine how much interest is accrued after the first month.

secured unsecured
credit apr (%) apr (%)
excellent 4.80 5.25
good 5.15 5.65
average 5.85 6.20
fair 7.00 7.65
poor 8.20 9.15

$90.12

$74.18

$121.09

$195.16