You are looking to buy a car. You can afford $480 in monthly payments for four years. In addition to the loan, you can make a $1,300 down payment. If interest rates are 7.75 percent APR, what price of car can you afford (loan plus down payment)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) * Answer is complete but not entirely correct. Present value $ 19,756.55