Answer:
$426
Step-by-step explanation:
According to the question,
New car cost = $20,448
Time to repay = 4 years or 48 months
So, we can calculate the monthly car payment by using following formula,
Monthly car payment = New car cost ÷ Time to repay
By putting the value, we get
Monthly car payment = $20,448 ÷ 48
= $426
Hence, Alex monthly car payment is $426.
