Suzanne has purchased a car with a list price of $23,860. She traded in her previous car, which was a Dodge in good condition, and financed the rest of the cost for five years at a rate of 11.62%, compounded monthly. The dealer
gave her 85% of the listed trade-in price for her car. She was also responsible for 8.11% sales tax, a $1,695 vehicle
registration fee, and a $228 documentation fee. If Suzanne makes a monthly payment of $455.96, which of the
following was her original car?
Dodge Cars in Good Condition
Model/Year
Viper
Neon
|intrepid
Dakota
a. 2004 Intrepid
b. 2008 Neon
c. 2005 Viper
d. 2007 Dakota
2004
$7,068
$6,591
$8,285
$7,578
2005
$7,225
$6,777
$8,579
$7,763
2006
$7,626
$6,822
$8,699
$7,945
2007
$7,901
$7,191
$9,030
$8,313
2008
B,116
$7,440
$9,121
S8,581