Christopher has just made the final monthly payment necessary to pay off his car financing. the car had a list price of $25,995. he made a down payment of $2,434. additionally, there was a $1,626 vehicle registration fee and a $275 documentation fee. he also paid sales tax of 8.44% on the cost of the vehicle. he included the taxes and fees with the purchase price of the car in a four-year finance agreement with an interest rate of 11.10%, compounded monthly.