9514 1404 393
Answer:
total purchase price: $27,722.01
Step-by-step explanation:
The price of the car plus tax is ...
$25,625 × (1 +7.5%) = $27,546.88
Adding license and title charges brings the total to ...
$27,546.88 +175.13 = $27,722.01 . . . total purchase price
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<em>Additional comment</em>
10% of that, or $2,772.20, will be the required down payment, leaving a balance due of $24,949.81. The payments on a 36-month loan at 9% will be $793.40, for a total loan cost of $28,562.30. Then the full cost of the car, including financing, is $31,334.50. The cost of the financing is $3,612.49.
