25. You are interested in buying a used car, one that is priced at $25,500. And, you know your maximum payment is $475 per month, but you refuse to divulge that to the salesperson even though they are pestering you for your maximum payment. With 100% financing and Ignoring sales tax, if interest rates over 60 months are at 6.00% per yr., what is the maximum price you can pay for the car in order to match your monthly payment parameter?

1. $20,362
2. $24,570
3. $18,733
4. $20,869