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Question 3 (1 point) Hermione wants to buy a new car. She might be able to pay $1,500 every year. If the car dealer offers

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Question 3 (1 point) Hermione wants to buy a new car. She might be able to pay $1,500 every year. If the car dealer offers her 4.8% Annual Percentage Rate (APR) on a 5-year car loan, how much is the car she can afford now? (Hint: Find PV of an annuity) O $8,830 O $10,149 O $7,987 $6,530

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