You want to buy a new car, but you know that the most you can afford for payments is $375 per month. You want 48-month financing, and you can arrange such a loan at 6% compounded monthly. You have nothing to trade and no down payment. The most expensive car you can purchase is (1) an old junker for $4,000, (2) a Honda civic for $10,000, (3) a Ford Escort for $14,000, (4) a Toyota Camry for $17,000, or (5) an Infiniti G35 for $24,000.

Please show all work, including how you would enter into financial calculator. Thanks.