Question
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
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.
1.Find the principal amount (the amount that will be financed)?
Show your work
$___________.______
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
