Mathematics, 13.02.2020 02:20 raywalker3410
Reg has just purchased a new car. The car had a list price of $22,499, and he was responsible for 7.96% sales tax, a $2,138 vehicle registration fee, and a $262 documentation fee. Reg’s financing has an interest rate of 10.27%, compounded monthly, and a duration of three years. If Reg makes a monthly payment of $773.89, which of the following was his down payment? Round all dollar values to the nearest cent.
a.
$2,000
b.
$2,200
c.
$2,500
d.
$2,800
Answers: 2
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Reg has just purchased a new car. The car had a list price of $22,499, and he was responsible for 7....
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