Question $5$

Shaska decided she could budget $$215$ per month for a car payment. The loan she is

offered is for $60$ months at $6\mathrm{.}75\%$ annually, compounded monthly. The amount she can

borrow for the car, given her budget and loan offer, is closest to:

$$10,900$

$$5,800$

$$3,100$

$$11,500$