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You want to buy a new car and are considering a payment plan where you will make monthly payments of $2,800 for two years, starting

You want to buy a new car and are considering a payment plan where you will make monthly payments of $2,800 for two years, starting at the end of this month. You have been quoted a rate of 7.2% p.a. compounding semi-annually. What is the price of the car today? (Round your answer to the whole dollar)

A. $62,479

B. $58,890

C. $82,479

D. $63,893

E. $60,259

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