alexis1246
19.01.2021 •
Mathematics
Suppose you negotiate a selling price of $25,995 for a Ford Explorer. You make a down payment of 10% of the selling price and finance the remaining balance for 5 years at an annual interest rate of 9.7%. The sales tax is 9.7% of the selling price, and the license fee is 0.7% of the selling price. Find the monthly payment. (Round your answer to the nearest cent.)
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