Question

purchase price: \\$18,300; sales tax: 5.5\\%; license and title fees: \\$415; down payment: \\$3900; payments: \\$377.75 for 60 months.

part 1 of 4
(a) find the total cost of the car.
the total cost of the car is \\$19,721.50.

part 2 of 4
(b) find the amount financed.
the amount financed is \\$15,821.50.

part 3 of 4
(c) find the total installment price.
the total installment price is \\$22,665.00.

Explanation:

Calculate the total cost of the car

Using the Down Payment Calculation knowledge point

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Calculate the amount financed

Using the Down Payment Calculation knowledge point

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Calculate the total installment price

Using the Installment Price knowledge point

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Answer:

Question 1

The total cost of the car is <blank>\$19,721.50</blank>.

Question 2

The amount financed is <blank>\$15,821.50</blank>.

Question 3

The total installment price is <blank>\$26,565.00</blank>.