Hana has decided to purchase a new car. She decides to put 15% down and finance the remaining balance. The bank offers Hana a 48 month loan at 6.76%. If the car is valued at $28,000, what will her monthly payments be?

Hana finances 85% of the $28,000 car price, so the loan is $28,000 × 0.85 = $23,800. The monthly interest rate is 6.76% ÷ 12, and the loan lasts 48 months. Using the standard fixed-payment loan formula gives a monthly payment of about $567.27, so the correct choice is $567.27.

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