Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
17. Wilbur's daughter Sarah purchased a used Dodge Ram pickup for $36,650. She put $5500 down and financed the rest at 4.6% add-on interest for
17. Wilbur's daughter Sarah purchased a used Dodge Ram pickup for $36,650. She put $5500 down and financed the rest at 4.6% add-on interest for 36 months. (pts) a. What is the interest that she paid? b. What are her monthly payments? C. The trade-in value of the truck was $13,400 after 6 years. What was the annual depreciation rate the IRS allowed Sarah for her truck? 18. Wilbur's idiot son bought a used 1200 cc Harley for $9,500. The license plates were $65, and new tires were $499.50. He paid a Montana state sales tax of 7.5% and he made a $1025. down payment. He financed the remainder at 9.5% APR for 36 months. (6 pts) a. What are his monthly payments? b. What is the total cost of the idiot's Harley
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669023acb402a_348669023ac2a507.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669023ad76df7_348669023ace77a6.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started