Using the following information, what is the cost to buy a car?

Down payment $$4,500$

Monthly loan payment $$525$ per month for a six$-$year loan

Opportunity cost of down payment $$4,500\backslash$times loan period $($in years$)\backslash$times $2\%$ interest

Estimated value of vehicle at end of ownership period $$5,500$

Multiple Choice

$$4,500\mathrm{.}00$

$$37,340\mathrm{.}00$

$$37,800\mathrm{.}00$

$$42,300\mathrm{.}00$

$$32,300\mathrm{.}00$