asked 4.8k views
5 votes
Christopher has just made the final monthly payment necessary to pay off his car financing. The car had a list price of $25,995. He made a down payment of $2,434. Additionally, there was a $1,626 vehicle registration fee and a $275 documentation fee. He also paid sales tax of 8.44% on the cost of the vehicle. He included the taxes and fees with the purchase price of the car in a four-year finance agreement with an interest rate of 11.10%, compounded monthly. After completing payment of the four-year loan, what was the total amount of money that Christopher paid for his car? Round to the nearest dollar. a. $23,310 b. $27,656 c. $34,374 d. $36,808

asked
User Dbrasco
by
7.9k points

1 Answer

7 votes

The answer is actually D. Just took the test

answered
User Ibrahim Arief
by
8.2k points
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