Zach is purchasing a used, 2014 Jeep Wrangler for $23,990 and wants to estimate the monthly payments. If he takes a 4.5% interest loan for 60 months, what would the monthly payment be?

Melissa is purchasing a $160,000 home and her bank is offering her a 30-year mortgage at a 4.9% interest rate. in order to lower her monthly payment, melissa will make a 20% down payment and will purchase 3 points. what will her monthly mortgage payment be? a. $645.98 b. $650.46 c. $662.93 d. $606.69