Use the following scenario to answer #9-10.You are interested in purchasing a new Honda Fit for $15,650.The sales tax in NC is 7%.The dealership informs you that you are eligible to finance the car for 36 months at 0.9%.You have a trade in worth $1500 and intend to make a down payment of $500.

10.a.Find the monthly payment for the Honda Fit if you finance it.

Formula usedSolve the problem

Monthly Payment: $____________.______

a.Determine the total amount you end up paying for this car by financing it .

Formula usedSolve the problem

$___________.______

b.Determine the total amount of interest you will end up paying by financing the car.

Formula usedSolve the problem

$___________.______