1.

You want to buy a car. A dealership in town has the SUV you want to buy for $22,510. Your first financing option is to make a down payment of $2500 and finance the rest at 2.99% APR for 72 months.

a)How much will you be financing? $

b)How much will your monthly payments be under this financing option? (Round to the nearest dollar.) $

c)How much total money will you pay for the SUV at the end of the 72 months under this financing option? (Don't forget to include your down payment in this total amount.) $

2.

Your second financing option for the SUV is the dealership will take $500 off the original $22,510 price of the SUV and you finance the rest at 0% APR for 36 months.

a)How much will you be financing? $

b)How much will your monthly payments be under this financing option? (Round to the nearest dollar.) $

c)How much total money will you pay for the SUV at the end of the 36 months under this financing option? $