11. Ag Granger is thinking about buying a car, priced at $7,700. He must also pay tax and license fees of $550. He borrows $6,500 on a 3-year loan with monthly payments of $200.70. What is the total cost of the car, including finance charges?

A. $8,250 B. $7,225.20 C. $15,475.20 D. $8,975.20

12. Darci Kighorn gets a 7.5% $9,300 car loan on July 14 with monthly payments of $224.86. Payments are due on the 14th of each month, starting August 14. The lender receives her first payment on August 15 and her second payment on September 12. What is the balance after the second payment?

A. $8,936.29 B. $8,962.86 C. $8,963.99 D. $8,880.28