we have the following components of an automobile loan: purchase price (includes taxes and fees)…

we have the following components of an automobile loan: purchase price (includes taxes and fees): $10,341.77; down payment: $2700; payments: $285.30 for 38 months. part: 0 / 3 part 1 of 3 find the amount financed. the amount financed is $

we have the following components of an automobile loan: purchase price (includes taxes and fees): $10,341.77; down payment: $2700; payments: $285.30 for 38 months. part: 0 / 3 part 1 of 3 find the amount financed. the amount financed is $

Answer

Explanation:

Step1: Identify relevant values

Purchase price = $10341.77, Down - payment = $2700

Step2: Calculate amount financed

Amount financed = Purchase price - Down - payment $10341.77−2700 = 7641.77$

Answer:

$7641.77$