Question: setting up work and solving 9-11 Use the following scenario to answer #9-10. You are interested in purchasing a new Honda Fit for $16,190. The

setting up work and solving 9-11

Use the following scenario to answer #9-10. You are interested in purchasing a new Honda Fit for $16,190. The sales tax in NC is 7%. The dealership informs you that you are eligible to finance the car for 36 months at 0.9%. You have a trade in worth $1500 and intend to make a down payment of $500. 9. Find the principal amount (the amount that will be financed)? 10. a. Find the monthly payment for the Honda Fit if you finance it. Monthly Payment: $ b. Determine the total amount you end up paying for this car by financing it. c. Determine the total amount of interest you will end up paying by financing the car. 11. Name one thing you could do in order to reduce the amount of your car payment in #10a

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