Mathematics, 05.02.2021 09:50 makaylapink8167
Christopher has just made the final payment necessary to pay off his car financing. The car has a list price of $25,995. He made a down payment of $2,434. Additionally, there was a $1,626 vehicle registration fee and a $275 documentation fee. He also paid sales tax of 8.44% on the cost of the vehicle. He included the taxes and fees with the purchase price of the car in a four-year finance agreement with an interest rate of 11.10%, compounded monthly. After completing payment of the four-year loan, what was the total amount of money that Christopher paid for his car? Round to the nearest dollar.
A) $23,310
B) $27,656
C) $34,374
D) $36,808
Please help by walking me through this, thank you.
Answers: 3
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