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Show all work and formulas 1.) After finding out that the dealer's cost of a VW was 11.7% lower than its sticker price of $17,350, Julia visited a...
Show all work and formulas
1.) After finding out that the dealer's cost of a VW was 11.7% lower than its sticker price of $17,350, Julia visited a local dealership on September 15, 2016. She was able to negotiate a price that left the dealer with a modest profit margin of 9.5% over the invoice price, and have him agreed to honor a rebate coupon of $250 that she submitted. The dealer offered to finance 83% of the total cost at an APR of 9.25% so she can pay off the Auto loan by September 15, 2020. Before signing the contract, Julia ordered a $300 optional stereo unit to be installed and other additional accessories at a cost of $80.00. Title fees, license plate charges, and sales taxes would be paid later at the Registry of Motor Vehicles. How much would Julia pay per month?
