You are borrowing money to buy a car. If you can make payments of $300 per month starting one month from now at an interest rate of 4%, how much will you be able to borrow for the car today if you finance the amount over four years?

A. $6,358.54 B. $13,067.62 C. $15,587.88 D. $13,286.65 Please show what formula you used to figure this out. Thank you!