Esther pays $355 per month for 6 years for a car. She made a down payment of $2,500.

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.

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