You (or your parents) purchase a used car for $15,876.00 plus 5.25% sales tax. The down payment is 10% of the total cost and you ( or your parents ) have an excellent credit rating. What is your principal balance at the start of the loan?
3 answers
($15,876 * 1.0525) - .1($15,876) = ?
$14,956.58
$20.95?
1 answer