question 2 of 15. step 1 of 1. barb wants to buy a new car for $20,500. she has talked to the loan officer…

question 2 of 15. step 1 of 1. barb wants to buy a new car for $20,500. she has talked to the loan officer at her credit union and knows that they will loan her $9500. she must also pay $375 for a license fee and $1150 for taxes. what amount of cash will she need to buy the car? answer how to enter your answer (opens in new window)

question 2 of 15. step 1 of 1. barb wants to buy a new car for $20,500. she has talked to the loan officer at her credit union and knows that they will loan her $9500. she must also pay $375 for a license fee and $1150 for taxes. what amount of cash will she need to buy the car? answer how to enter your answer (opens in new window)

Answer

Explanation:

Step1: Calculate total cost

The cost of the car is $20,500, plus $375 for other fees and $1150 for taxes. So the total cost is $20500 + 375+1150$. $20500+375 + 1150=22025$

Step2: Calculate cash needed

She will get a loan of $9500. So the cash she needs is the total cost minus the loan amount. $22025 - 9500=12525$

Answer:

$12525$