Rachel purchased a car for $$17,500$ three years ago using a $4-$year loan with an interest rate of $10\mathrm{.}8$ percent. She has decided that she

would sell the car now, if she could get a price that would pay off the balance of her loan.

What is the minimum price Rachel would need to receive for her car? Calculate her monthly payments, then use those payments and

the remaining time left to compute the present value $($called balance$)$ of the remaining loan. $($Do not round intermediate calculations

and round your final answer to $2$ decimal places.$)$Rachel purchased a car for $$17,500$ three years ago using a $4-$year loan with an interest rate of $10\mathrm{.}8$ percent. She has decided that she

would sell the car now, if she could get a price that would pay off the balance of her loan.

What is the minimum price Rachel would need to receive for her car? Calculate her monthly payments, then use those payments and

the remaining time left to compute the present value $($called balance$)$ of the remaining loan. $($Do not round intermediate calculations

and round your final answer to $2$ decimal places.$)$