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What is the monthly car payment

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Question - A dog trainer purchases a car for $27,500. (Round your answers to the nearest cent. See Example 2 in this section.)

(a) The sales tax is 6.75% of the purchase price. Calculate the sales tax (in dollars).

(b) The registration and license fee is 0.9% of the purchase price. What is the registration and license fee (in dollars)?

(c) If the trainer makes a down payment of $4,000 and gets a loan for the purchase price, sales tax, and registration fee at an interest rate of 4.5% compounded monthly for 5 years, what is the monthly car payment (in dollars)?

Reference no: EM133022418

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