Can Someone Explain How To Do These, PLease???!!!
Follow the steps above and find c, the total of the payments, and the monthly payment. Choose the right answers. Jane Smart buys a new SUV. The price, including tax, is $22,500.00. She finances the vehicle over 60 months after making a $2,000 down payment. The true annual interest rate is 12%. What are Jane's monthly payments (principal plus interest)?
To the nearest penny, c = $ __ . 6,252.50, 6,250.50, 6,254.50
Total of payments = amount financed + c = $__. 26,754.50, 26,752.50, 26,750.50
Total of payments ÷ number of payments = monthly payment=$__. 446.88, 444.88, 445.88

Question

Can Someone Explain How To Do These, PLease???!!! 
 Follow the steps above and find c, the total of the payments, and the monthly payment. Choose the right answers. Jane Smart buys a new SUV. The price, including tax, is $22,500.00. She finances the vehicle over 60 months after making a $2,000 down payment. The true annual interest rate is 12%. What are Jane's monthly payments (principal plus interest)? 
 To the nearest penny, c = $ __ . 6,252.50, 6,250.50, 6,254.50 
 Total of payments = amount financed + c = $__. 26,754.50, 26,752.50, 26,750.50 
 Total of payments ÷ number of payments = monthly payment=$__. 446.88,  444.88,  445.88

mathmale · Answer

Used to be a whiz at this.  But that was then and this is now.
Jane pays $2000 down, leaving $20500 to be financed.  That's the PRINCIPAL.
The annual interest rate is 12% => 0.12.
Interest is paid monthly (that is, Jane is paying interest along with reduction of principal owed, with every monthly payment).
Jane must make 60 payments (since (12 mos/year)(5 years)=60.
Do you happen to have a textbook that illustrates calculation of mortgage payments?  The formula used to figure car payments is the same as that used to figure monthly mortgage payments.