Your friend just purchased a new sports car for $32,000. He received $6,000 for his trade in and he used that money as a down payment for the new sports car. He financed the vehicle at 6.76% APR over 48 months. Determine the amount financed from the given information.
a.
$38,000
c.
$29746.15
b.
$32,000
d.
$26,000