Question

A dog trainer purchases a car for $28,500. (Round your answers to the nearest cent. See Example 2 in this section.)

(a)

The sales tax is 6.75% of the purchase price. Calculate the sales tax (in dollars).

(b)

The registration and license fee is 0.8% of the purchase price. What is the registration and license fee (in dollars)?

(c)

If the trainer makes a down payment of $3,000 and gets a loan for the purchase price, sales tax, and registration fee at an interest rate of 3.5% compounded monthly for 5 years, what is the monthly car payment (in dollars)?

(PLEASE HELP DUE IN AN HOUR!)

Answer 1