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Alex787 [66]
3 years ago
7

Dennis has just made the final monthly payment necessary for paying off his car financing. When he purchased the car three years

ago, it had a list price of $23,878. Dennis traded in his good-condition 2001 Honda Odyssey and financed the rest of the cost at an interest rate of 11.82%, compounded monthly. The dealer gave Dennis 85% of the trade-in value of his car, listed below. Dennis was also responsible for paying 9.05% sales tax, a $1,474 vehicle registration fee, and a $225 documentation fee. All told, how much did Dennis pay in interest? (Round all dollar values to the nearest cent, and consider the trade-in to be a reduction in the amount paid.)
Mathematics
1 answer:
Goryan [66]3 years ago
6 0

Answer:

$3,919.77

Step-by-step explanation:

I've taken this quiz already. It is a: $3,919.77

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