Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

You have decided to purchase a car for $22,346. 16. The credit union requires a 10% down payment and will finance the balance with a 5. 4% annual interest loan for 36 months. The sales tax in your city is 7. 6%, and the license and title charges are $125. 13. Determine the amount that the credit union will finance you for. Round your answer to the nearest cent. A. $24,179. 10 c. $21,761. 20 b. $24,169. 60 d. $21,752. 64.

Sagot :

The amount that the credit union will finance is $24169.60

We have given that the cost of the car is $22,346. 16

and the credit union required 10% down payment

and sale tax=7.6%

The license and title charges are $125. 13.

We have to determine that the  amount that the credit union will

finance Now  we have sale tax 7.6% for $22,346. 16

Therefore, we get

[tex]\frac{7.6}{100} \times 22,346. 16=1698.31[/tex]

What is the amount that the credit union finance ?

credit union finance=cost of car+sales tax+the license and title  charges.

[tex]=22346.16+1698.31+12.13\\=24169.60[/tex]

Therefore, the amount that the credit union will finance is $24169.60

To learn more about the credit union will finance visit:

https://brainly.com/question/15641576

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.