Question

Jenise is buying a car for $6,310. She wants $600 in upgrades to the car. The TAVT rate is 3.9%. The DOC fee is $500. The title fee is $185. What is the total amount that Jenise will have to pay for her car?

Answer 1

Answer:

$7841.09

Step-by-step explanation:

From the question, Jenise is buying a car for $6310. She wants $600 in upgrades to the car.The TAVT rate is 3.9%.the DOC fee is $500.

The title fee is $185.What is the total amount of that Jenise will have to pay for the car.

$6310 is the initial amount paid for the car but then certain adjustments deducted certain fees from her

6310 + 600 in upgrades of the car

= $6910

TAVT rate is 3.9% of 6310

= 3.9/100= 0.039× 6310

= $246.09

Which now totals $7156.09 and also the addition of the DOC fee($500).

The total now is $7656.09 and the last addition which is the title fee of $185

Total amount of money spent by Jenise to acquire the car is $7841.09