Question 12 • CARE_24_25_TX-Mathematical Models with Applications B
The 15% down payment is $25,230 × 0.15 = $3,784.50, so the amount financed is $25,230 − $3,784.50 = $21,445.50. At 6.71% annual interest over 36 monthly payments, the monthly payment is about $659.33, for a total of $659.33 × 36 = $23,735.88 (using the unrounded payment). The correct choice is $23,735.88.
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