Question

How would I go about answering these questions? I'm confused.

Answer 1

I'll post the question below

Answer 2

4) Say that you (or your parents) are purchasing a used car for $22,350. The sales tax is 7.5%, the down payment is $1,200.00, and you have an average credit rating. If your first payment is $475.25, how much of the payment goes toward the principal

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