You have decided to purchase a car for $22,346.16. The credit union requires a 10% down payment and will finance the balance with a 5.4% annual interest loan for 36 months. The sales tax in your city is 7.6%, and the license and title charges are $125.13. Determine the amount that the credit union will finance you for. Round your answer to the nearest cent.
a.
$24,179.10
c.
$21,761.20
b.
$24,169.60
d.
$21,752.64

Question

You have decided to purchase a car for $22,346.16.  The credit union requires a 10% down payment and will finance the balance with a 5.4% annual interest loan for 36 months.  The sales tax in your city is 7.6%, and the license and title charges are $125.13. Determine the amount that the credit union will finance you for. Round your answer to the nearest cent.
a.
$24,179.10
c.
$21,761.20
b.
$24,169.60
d.
$21,752.64

mathmale · Answer

What would you need to know to get started solving this problem?  
What does "10% down" mean to you?  And here, "10% down" would be how much money?

anonymous · Answer

idk how to do any of this

mathmale · Answer

What does "10% down" mean to you?

mathmale · Answer

If you're going to purchase something on credit (by taking out a loan), most stores and/or banks require that you pay 10% of the purchase price up front.  That's what "10% down" refers to.  

10% translates into 0.10.

Multiply $22,346.16 by 0.10 now, please.