You plan to buy a car that has a total "drive-out" cost of $31,900. You will make a down payment of $4,785. The remainder of the car's cost will be financed over a period of 5 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 13% with monthly compounding of interest. (The first payment will be due one month after the purchase date.) What will your monthly payment be? Question 10 options: 1) $574.81 2) $610.34 3) $642.43 4) $725.31 5) $616.95