Tetsuo has decided to purchase a new car for $32,000. He decides to put 10% down
and finance the remaining balance. The bank offers Tetsuo a 36 month loan at 6.71%. If
city taxes are 5.7% and title and license fees are $170, what will Tetsuo's down
payment be?
$2,748.70
$3,399.40
$2,280.99
$3,200.00