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9. The list price of a used car is $13.990 and it is on sale at 15% off. The sales tax rate is 8.25%. The

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9. The list price of a used car is $13.990 and it is on sale at 15% off. The sales tax rate is 8.25%. The purchase can be financed with a 5-year loan at a rate of 6.9% compounded monthly. There is no down payment. Find the following: The sale price of the car. [3] (b) The total price of the car. [3] (c) The monthly payment [7] (d) The total cost of the loan, i.e., the amount of interest on the loan [3] 10. A car dealer offers two options for a car loan of $25,000. Offer A: Down payment 10%, balance to be paid over 5 years at a rate of 6% compounded monthly Offer B: No down payment: $25,000 to be repaid over 4 years at a rate of 6% compounded monthly Compare the two offers. [12]

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