QUESTION

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The list price of the Bugatti Veyron Grand Sport Vitesse U.S is a cool $2.5 million. But to get the special paint option seen in the photo, it will cost you an extra $430,000. An extended warranty will cost an additional $70,000. However, if you put $500,000 down and finance the balance, you will receive a $50,000 rebate off the list price. Also, the dealer has agreed to give you a trade-in allowance of $7,000 based on the Kelley Blue Book (www.kbb.com) trade-in value for your 2008 Honda Civic DX four-door sedan that has 75,000 miles and is in good condition. Other charges include: (1) an import duty of $50,000; (2) a gas-guzzler tax of $7,000; (3) a 7.5 percent sales tax of $229,125; (4) an auto registration fee of $5,000 to the state; and (5) a $50,000 destination charge to ship the car to you from France. Finally, your total finance charge is $377.168 based on a five-year loan with an annual interest rate of 5 percent, compounded monthly .The final price of the Bugatti is estimated to be$900,000 Calculate a Final Price The Bugatti Veyron Grand Sport Vitesse U.S will use