What is the monthly car payment

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Reference no: EM133908373

Problem

A dog trainer purchases a car for $27,500. (i) The sales tax is 7.25% of the purchase price. Calculate the sales tax (in dollars). $1,993.75 Correct: Your answer is correct. seenKey 1,993.75 (ii) The registration and license fee is 0.8% of the purchase price. What is the registration and license fee (in dollars)? (iii) If the trainer makes a down payment of $4,000 and gets a loan for the purchase price, sales tax, and registration fee at an interest rate of 4.5% compounded monthly for 5 years, what is the monthly car payment (in dollars)? Get the instant assignment help.

Reference no: EM133908373

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