Kerri James is considering the purchase of a car. She wants to buy the new VW Beetle, which will

cost her $17,600. She will finance 90% of the purchase price (i.e., make a 10% down payment) at an

interest rate of 5.9 percent, with monthly payments over three years. How much money will she still

owe on the loan at the end of one year (to the nearest dollar)?

a. $13,560

b. $10,868

c. $12,075

d. $15,704

e. $17,152

how do we solve this? im a finance student