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After becoming a commercial pilot, Lorna Kao decides to purchase a Cessna 182 for $64,975. Assuming the sales tax is 5.1% of the purchase price,
After becoming a commercial pilot, Lorna Kao decides to purchase a Cessna 182 for $64,975. Assuming the sales tax is 5.1% of the purchase price, find each of the following.
(a) What is the total cost, including sales tax?
$
68288.73
Correct: Your answer is correct.
(b) If Lorna makes a down payment of 22% of the total cost, find the down payment.
$
15023.52
Correct: Your answer is correct.
(c) Assuming Lorna finances the remaining cost at an annual interest rate of 7.15% for 10 years, find the monthly payment.
$
(Im stuck on c)
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