Answer: $30628.155
Explanation:
After the calculations in the attachment has been made, the present value was gotten as $27128.55
The price of the car was calculated as the addition of the down payment and the present value which was:
= $3500 + $27128.55
= $30628.155
Note that in the calculation in the attachment,
r = 9%/12 = 0.75%
n = 72.
Check attachment for more details
