You have saved $3000.00 to purchase a car, and the dealership has approved a loan for you in the amount of $12,000.00. You have a few other expenses to think about.

Your monthly income is $725.00, and your expenses are as follow:

Car payment ______?
Car insurance - 85$/month
Gas - $60/month
Food/Entertainment - $150/month
Cell Phone - $40/month

Obviously, the car payment must be lower than 390$.

You must not exceed your monthly expenses.
You have found a car and the dealership is willing to work it out.
You must decide between the options. Which deal is the best and what can you afford?

This is one of the options.
I found it unnecessary to include the other options, as I can figure those out.

Put $3,000 in a 2-year CD which earns an interest of 10% compounded monthly. Your hometown bank is willing to finance the entire car purchase at an interest rate of 6.25% for four years compounded monthly.

I need to know the total monthly payment.
I know this is an easy question, but the CD part confuses me. I'm not sure if you're supposed to add that in later or what.