Mathematics, 05.02.2021 04:00 juliajaelyn9658

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, 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
Please show work.

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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 7.9...

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