Question: Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. You (or your parents) purchase

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. You (or your parents) purchase a new car for $19,725.00 plus 4.75% sales tax. The down payment is $2,175.00 and you (or your parents) have an average credit rating. How much interest is accrued after the first month? Credit Used Car APR (%) New Car APR (%) 5.40 5.95 5.65 6.35 Excellent Good Average Fair 6.30 6.90 7.55 7.60 Poor 9.80 10.0

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