Reg has just purchased a new car. the car had a list price of $22,499, and he was responsible for 7.96% sales tax, a $2,138 vehicle registration fee, and a $262 documentation fee. reg’s financing has an interest rate of 10.27%, compounded monthly, and a duration of three years. if reg makes a monthly payment of $773.89, which of the following was his down payment? round all dollar values to the nearest cent.
a.
$2,000
b.
$2,200
c.
$2,500
d.
$2,800