An automobile dealership offers a car with $0 down payment, $0 first month’s payment, and $0 due at.

An automobile dealership offers a car with $0 down payment, $0 first month’s payment, and $0 due at signing. The monthly payment, starting at the end of month two, is $386 and there are a total of 38 payments. If the APR is 12% compounded monthly, the negotiated sales price is closest to which answer below? (a) $14,668 (b) $12,035 (c) $12,415 (d) $13,175