15)

Saul Goodman is shopping for a gently used SUV. A used-car dealer offers to sell the vehicle to Saul for $7000 down and $725 per month for 60 months. If the quoted rate on car loans is currently 4.8%, what is the price of the car implied by the dealers offer?

Group of answer choices:

$38,605.43

$14,197.56

$31,605.43

$45,605.43

$21,197.56