Question: Oakley has $4,700 for a down payment and feels a monthly payment of $360 is affordable. If Oakley can finance a vehicle with a 7%,

Oakley has $4,700 for a down payment and feels a monthly payment of $360 is affordable. If Oakley can finance a vehicle with a 7%, 5-year loan from the automobile dealer, what is the maximum amount Oakley can afford to spend on the car? (Round your answer to the nearest dollar.) a. $22,881 b. $18,181 c. $23,133 d. $26,300 e. $21,600

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