English

Kevin Wiley

7 April, 11:54

Amelia bought her first car! The car had a list price of $23,499. She was also responsible for 7% sales tax, a $2,045 vehicle registration fee, and a $275 documentation fee. Amelia's financing has an interest rate of 5.05%, compounded monthly, and a duration of 5 years. She pays $5,000 for a down payment. How much is her monthly payment?

A. about $425

B. about $520

C. None of the above.

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