Question: I have saved $3,587 for a down payment on a new car. Suppose I am provided with the terms of the loan call for five

I have saved $3,587 for a down payment on a new car. Suppose I am provided with the terms of the loan call for five equal end of year installments of $4,059. Assuming that the interest rate is 5.87%, how much am I paying for this car? (PS. Don't forget to add the down payemnt to the amount you calatuate.)

O $28,256.70 O $23,466.12 O $20,745.62 $26,940.00

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