Esther pays $355 per month for 6 years for a car. She made a down payment of $2,500. 1 answer below »
Esther pays $355 per month for 6 years for a car. She made a down payment of $2,500. If the loan costs 7.1% per year compounded monthly, what was the cash price of the car?
a) $18,263.80
b) $34,252.00
c) $23,263.80
d) $20,763.80
e) $29,252.00
f) None of the above.
