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Buying A Car

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Name: Date: Practice: You Do the Math Answer the following questions based on your discoveries. 1. Choose a new car to buy. It can be a realistic purchase or your dream car. Figure out the costs of buying this car by filling in the blanks below. You can pay a 10 percent down payment, and your credit history is good enough to get a five-year loan with an interest rate of 5 percent. Make/Model: Honda CR-V Manufacturers suggested retail price (MSRP): $22,000 Cost of options (if applicable): N/A Sales tax of 9 percent (the MSRP, plus any options, multiplied by 0.09):22000x 0.09 = $1980 Tot ...
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