You are considering purchasing a new sport car that will cost you $88,000. The dealer offers you 12.90% APR financing for 48 months (with payments made at the end of the month). Assuming you finance the entire $88,000 through the dealer, your monthly payments will be (round to the nearest 2 dp):

a.

$2,368.08

b.

$1,792.71

c.

$2,356.45

d.

$3,728.58