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Answer:
521.96 (A) IS THE ANSWER TO THIS QUESTION AND THAT IS 100 % SURE ANSWER.
The monthly payment that Renee will make for her car is $76.76.
Online Finance Calculator
We can use an online finance calculator to compute the monthly payment that Renee will make for her new car as follows:
Data and Calculations:
Auto Price = $19,675
Loan Term = 48 months (12 x 4)
Interest Rate = 11.34%
Down Payment = $0
Trade-in Value = $16,724
Sales Tax = 8.92%
Title, Registration, and Other Fees = $1,505 ($1,420 + $85)
Monthly Pay: = $76.76
Total Loan Amount = $2,951.00
Sale Tax = $263.23
Upfront Payment = $1,768.23
Total of 48 Loan Payments = $3,684.40
Total Loan Interest = $733.40
Total Cost (price, interest, tax, fees) = $22,176.63
Thus, the monthly payment that Renee will make for her car is $76.76.
Learn more about financing a car purchase at brainly.com/question/20566521