Shelby and Mark Lawrence were married a year ago and are planning to purchase a used 2016 Honda Odyssey Touring Elite. After making a down payment, they need to take out a $21,000 auto loan to...

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Extracted text: Shelby and Mark Lawrence were married a year ago and are planning to purchase a used 2016 Honda Odyssey Touring Elite. After making a down payment, they need to take out a $21,000 auto loan to complete the purchase. Their lender has offered a 5-year loan at an annual rate of 5.55%. Assuming that the payment is made at the end of each month, calculate the monthly payment for this used car purchase scenario. (Hint: Use Excel's PMT function.) Enter the payment amount as a positive value in dollars and cents (round to two decimal places). Your Answer: Answer