I need help finding Present Value for the problem below Barbara has saved $5,000 and intends to use her savings as a down payment on a new car. After…

I need help finding Present Value for the problem belowBarbara has saved $5,000 and intends to use her savings as a down payment on a new car. After carefulexamination of her income and expenses, Barbara has concluded that the most she can afford to spend eachmonth on her car payment is $425. The car loan that Barbara uses to buy the car will have an APR of 10%.What is the most expensive car that Barbara can purchase if she finances the new car for 48 months? Note:Monthly car payments will be made.