Question

Eduardo purchased a car for $18,600 with 6,8% sales tax, a freight charge of 8450, a registration too of $166, and an ownership foo of 546. If Elduardo mado a down paymentof $2,500, the total amount financed would be:$18,056.50$17,852.50.$17,398.75$18,235.75None of these choices are correct

Answer 1

We know that

• The sales tax is 6.8%.

,

• The price is $18,600.

,

• The freight charge is $8450.

,

• The registration is $166.

,

• The ownership is $546.

,

• The downpayment is $2,500.

First, let's find the final sale price including the sales tax

$18,600+0.068(18,600)=19,864.80$

Then, we add the other expenses

$19,864.80+8450+166+546=29,026.80$

Now, we subtract the downpayment

$29,026.80-2,500=26,526.80$

Hence, none of the choices are correct because the correct amount is $26,526.80.