In October, Jean shopped around local car dealerships for the best price on her dream car. When Jean finally located what she was looking for, the business manager informed her that she will need a 25% down payment. If the retail price of the car was $18,250, calculate Jean's down payment. Calculate the down payment using the percent model.
a. $456.25
b. $73,000
c. $13,437.50
d. $4562.50
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