24
QuizMultiple Choice

Unit Test — Unit test

Question 24 • CARE_24_25_TX-Mathematical Models with Applications B

You have decided to purchase a car for $22,346.16. The credit union requires a 10% down payment and will finance the balance with a 5.4% annual interest loan for 36 months. The sales tax in your city is 7.6%, and the license and title charges are $125.13. Determine the amount that the credit union will finance you for. Round your answer to the nearest cent.

Answer
A
$24,179.10
B
$24,169.60
C
$21,761.20
D
$21,752.64
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