What will be your monthly payment and the total amount paid over the life of the loan if you finance 12,000 for 48 months at an interest rate of 6%?
a) 280.16 monthly payment, 13,448.68 total amount paid
b) 316.20 monthly payment, 15,173.60 total amount paid
c) 245.82 monthly payment, 11,797.76 total amount paid
d) 332.64 monthly payment, 15,943.68 total amount paid