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14. (10 points) You decide to purchase a car retailing at MSRP for $33,750.00. The car dealership gives you a $1,500.00 discount off the MSRP
14. (10 points) You decide to purchase a car retailing at MSRP for $33,750.00. The car dealership
gives you a $1,500.00 discount off the MSRP price and, additionally, you decide to make a
$5,400.00 down payment towards the price of the car. The dealerships financing company
approves you for a 5-year loan at a quoted interest rate of 10.20% that will be repaid monthly.
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