Dennis has just made the final monthly payment necessary for paying off his car financing. when he purchased the car three years ago, it had a list price of $23,878. dennis traded in his good-condition 2001 honda odyssey and financed the rest of the cost at an interest rate of 11.82%, compounded monthly. the dealer gave dennis 85% of the trade-in value of his car, listed below. dennis was also responsible for paying 9.05% sales tax, a $1,474 vehicle registration fee, and a $225 documentation fee. all told, how much did dennis pay in interest? (round all dollar values to the nearest cent, and consider the trade-in to be a reduction in the amount paid.)
honda cars in good condition
model/year
2000
2001
2002
2003
element
$5,887
$6,080
$6,225
$6,622
odyssey
$8,450
$8,693
$8,928
$9,224
insight
$4,384
$4,661
$5,006
$5,440
accord
$6,356
$6,626
$6,817
$7,114

a.
$3,919.77
b.
$3,906.80
c.
$4,599.44
d.
$3,668.52