Question: Please answer question and show all work. Thanks! 58. Olivia is willing to pay $185 a month for four years for a car payment. If

Please answer question and show all work. Thanks!

58. Olivia is willing to pay $185 a month for four years for a car payment. If the interest rate is 4.9 percent, compounded monthly, and she has a cash down payment of $2,500, what price car can she afford to purchase? A. $10,961.36 B. $10,549.07 C. $8,533.84 D. $8,686.82 E. $8,342.05

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