Mathematics, 30.01.2020 01:50, sobell7725
Charles is going to purchase a new car that has a list price of $21,450. he is planning on trading in his good-condition 2004 dodge neon and financing the rest of the cost over three years, paying monthly. his finance plan has an interest rate of 12.28%, compounded monthly. charles will also be responsible for 6.88% sales tax, a $1,089 vehicle registration fee, and a $124 documentation fee. if the dealer gives charles 80% of the listed trade-in price on his car, once the financing is paid off, what percent of the total amount paid will the interest be? (consider the trade-in to be a reduction in the amount paid.)
dodge cars in good condition
model/year
2004
2005
2006
2007
2008
viper
$7,068
$7,225
$7,626
$7,901
$8,116
neon
$6,591
$6,777
$6,822
$7,191
$7,440
intrepid
$8,285
$8,579
$8,699
$9,030
$9,121
dakota
$7,578
$7,763
$7,945
$8,313
$8,581
a.
17.64%
b.
15.67%
c.
16.70%
d.
12.86%
Answers: 2
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