Advanced Placement (AP)

Say that you (or your parents) are purchasing a used car for $19,850. The sales tax is 7.5%, the down payment is $1,000.00, and you have an average credit rating. If your first payment is $425.98, how much of the payment goes toward the principal?

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Say that you (or your parents) are purchasing a used car for $19,850. The sales tax is 7.5%, the dow...

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