luis mahia purchases a porsche boxster for $45,600 and finances the entire amount at an annual interest rate of 7.9% for 7 years find the monthly payment assume the sales tax is 6% of the purchase price and the license fee is 1% of the purchase price (round your answer to the nearest cent)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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luis mahia purchases a porsche boxster for $45,600 and finances the entire amount at an annual interest rate of 7.9% for 7 years find the monthly payment assume the sales tax is 6% of the purchase price and the license fee is 1% of the purchase price (round your answer to the nearest cent)

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ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning