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After becoming a commercial pilot, Lorna Kao decides to purchase a Cessna 182 for$64,795. Assuming the sales tax is5.9%of the purchase price, find each of
After becoming a commercial pilot, Lorna Kao decides to purchase a Cessna 182 for$64,795. Assuming the sales tax is5.9%of the purchase price, find each of the following.
(a) What is the total cost, including sales tax?
$
(b) If Lorna makes a down payment of18%of the total cost, find the down payment.
$
(c) Assuming Lorna finances the remaining cost at an annual interest rate of7.15%for 10 years, find the monthly payment.
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