payment. 4. A school superintendent purchases a new sedan for P26,788. a. If the sales tax is 5.25% of the purchase price, fi nd the amount of the sales tax. b. The superintendent makes a P2500 down...

Extracted text: payment. 4. A school superintendent purchases a new sedan for P26,788. a. If the sales tax is 5.25% of the purchase price, fi nd the amount of the sales tax. b. The superintendent makes a P2500 down payment and the license fee is P145. Find the amount the superintendent must fi nance. c. Assuming the superintendent gets the loan in part b at an annual interest rate of 8.1% for 5 years, determine the superintendent's monthly car payment.