1. You are interested in buying a used car, one that is priced at $21,500. And, you know your maximum payment is $345 per month, but you refuse to divulge that to the salesperson even though they are pestering you for your maximum payment. With 100% financing and Ignoring sales tax, if interest rates over 60 months are at 4.00% per yr., what is the maximum price you can pay for the car in order to match your monthly payment parameter?
   1. $16,300
   2. $15,710
   3. $18,733
   4. $15,117