Answer:
$989.10 is due at the end of the first month.
Step-by-step explanation:
Price of a car = $12,465
Sales Tax = 5.65%
5.65% = 0.0565
12,465 × 0.0565 = 704.2725
Sales tax = 704.2725
Now we add this tax to the price of car
12,465 + 704.2725 = 13,169.2725
Total price of a car with sales tax = $13,169.27
You make a down payment = $1,300.00
Now your due payment = $13,169.27 - $1,300.00
Total due payment = $11,869.27
If due payment will be paid in 12 months it will be divided by 12
Therefore 11,869.27 ÷ 12 = $989.10
$989.10 is due at the end of the first month.