The down payment that would be paid by reg is $2,800.
<h3 /><h3>What is a down payment?</h3>A down payment is the first partial payment for the purchase of price expensive items or services, such as a car or a house. It is usually paid off in cash or equal at the time of finalizing the transaction. A loan of some kind is then asked to finance the remainder of the payment.
<u>Computation </u><u>of a down Payment:</u>
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According to the question,
The total amount of car would be:
r= 10.27%,
,
t=
Monthly Payment = $773.89.
Let X be the amount of payment that is given in the starting.
The amount of down payment would be:
Hence, Option D is correct.
Learn more about the down payment, refer:
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