The license fee is 2.8% of the value of your car. The value of your car is 60% of the MSRP (not the purchase price!). Write the license fee in the License Fee line of the contract. Ex: If the MSRP is $25,000, the value of your car would be: $25,000 x 0.60 = $15,000 Use this value to calculate the license fee. This value is NOT your license fee. 7. Add the title service fee, license fee, sales tax, and purchase price to obtain the total due. Write this amount in the Total Due line of the contract. 8. [1 pt] You plan to make a 10% down payment. Write your down payment in the Total Cach Down hov