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, a $2,138
vehicle registration fee, 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 select the best answer from the choices provided
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