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The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $62.42.If the APR is 14.0 percent,

The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $62.42.If the APR is 14.0 percent, what is the maximum initial purchase that Carla can buy on credit?

$1,006.90

$1,300.00

$1,455.08

$1,184.75

$1,228.46

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