Bernie has decided to purchase a new car with a list price of $18,575. sales tax in bernie’s state is 7.40%, and he will be responsible for a $795 vehicle registration fee and a $110 documentation fee. bernie plans to trade in his existing car, a 1999 buick riviera in good condition, and finance the rest of the cost for five years at an interest rate of 12.77%, compounded monthly. assuming that the dealer gives bernie the listed trade-in price for his car, what will his monthly payment be? round all dollar values to the nearest cent
b. 439.12 is the correct answer.