We have the following information for an automotive loan: Purchase price: $34,000 sales tax: 7.5% license and title fees: $330 money credited for trade-in (subtracted from price of vehicle before taxes): $12,000 payments: $455.60 for 72 months. Find the total cost of the car.
Added by Lauren W.
Step 1
First, we need to subtract the trade-in value from the purchase price: $34,000 - $12,000 = $22,000. Show more…
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