Tatiana is looking to purchase a BMW that costs $30,000. She will make a $6,000  down payment and borrow the remaining with a 60-month loan that has an annual interest rate of 4.71%. Use the formula to determine Tatiana’s monthly car payment to the nearest dollar amount. please help me with step by step

$30,000 - $6,000 = $24,000

$24,000 to finance at 4.71% for 60 months

24,000 divided by 60 = $400/month + 4.71% ( $18.84) = $418.84/month.

Explanation:

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