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STEP 2:
YOU NEED A CAR!
You have decided to look at a truck that is listed for $12000. It is a 2001 Dodge Ram, V8, 85,000
miles, automatio, extended cab, black exterior and interior, A/C works, and factory radio. After test-
driving the vehicle, you decide to purchase the vehicle.
7. Sales tax for the vehicle is 8%. Including sales tax, what will be the final cost
of the truck?
8. You decide to finance the vehicle for 5 years, what will be your monthly
payment on the
vehicle before the interest you owe on the loan? PLEASE HELPPP

Respuesta :

tashas2022

Answer:

a. the final cost will be $12,960

b. your monthly payment will be $216

Step-by-step explanation:

a. if the sales tax is 8%, that means that you will need to pay 8 cents for every dollar of the original cost. you can find the total cost by multiplying 1.08 (108%) by 12,000 in order to get the original price PLUS the sales tax added on. Thus, leaving you with $12,960 as the final price.

b. to find the monthly payment, you will multiply the number of years the payment is spread out over (5) by the number of months in a year (12) in order to get 60 months in total. Then divide the $12,960 by 60 in order to get a final monthly payment of $216.

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