Saul Goodman is shopping for a gently used SUV. A used-car dealer offers to sell the vehicle to Saul for $5000 down and $500 per month for 72 months. If the quoted rate on car loans is currently 3.8%, what is the price of the car implied by the dealer’s offer? Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 8FPE
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Saul Goodman is shopping for a gently used SUV. A used-car dealer offers to sell the vehicle to Saul for $5000 down and $500 per month for 72 months. If the quoted rate on car loans is currently 3.8%, what is the price of the car implied by the dealer’s offer?

Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote 

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