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5 August, 19:11

You are purchasing a car for $12,465.00 plus 5.65% sales tax. You make a $1,300.00 down payment and have a fair credit score. How much interest is due at the end of the first month?

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  1. 5 August, 19:31
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    12,465 + (12,465*0.0565)

    =13,169.2725

    13,169.2725-1,300

    =11,869.2725

    11,869.2725:12

    =989.1060416667

    989.1060416667*0.064

    =63.30 ... answer
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