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You have decided to purchase a car for $25,625. the credit union requires a 10% down payment and will finance the balance with a 9% annual interest loan for 36 months. the sales tax in your city is 7.5%, and the license and title charges are $175.13. what is the total purchase price of the car including tax, license, and title? round your answer to the nearest cent. a. $24,949.80 c. $27,722.01 b. $24,967.32 d. $27,735.14

Sagot :

The total purchase price of the car including tax, license, and title $27,722.01.

The purchase price of a car is $25,625 the credit union requires a 10% down payment and an annual interest 9% loan for 36 months. The sales tax is given 7.5%, and the license and title charges are $175.13.

What is the total sale?

The total sale is the product of the selling price and one plus the sales tax rates.

Total sale = selling price × (1 + sales tax rate)

The price of the car including tax

= $25,625 × (1 +7.5%)

= $27,546.88

By adding license and title charges to the amount, we get

= $27,546.88 +175.13

= $27,722.01

Hence, The total purchase price of the car including tax, license, and title $27,722.01.

Learn more about the total sale here:

https://brainly.com/question/2777438

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