27,28,29

27) Kylie will sell you a used car for $500. The deal is, you put no money down and pay for the car in five equal annual payments that include interest at 6%. The first payment is due one year from today!! You called the bank and they said that they would charge you 10% for a similar loan. How much are the payments if you buy the car from Kylie? A $ 100+ interest at 6% B. $ 100 + interest at 10% C. $ 118.70 D. $ 131.90 E. None of the above Your Answer 28) How much are you really paying for the car under Kylie's deal? A. $ 405.23 B. $320.00 C. $ 449.97 D. $ 571.06 E. None of the above Your Answer 29) If you amortize the Kylie deal properly, the principal balance after the first payment will be A. S 366.09 B. S 331.26 C. $ 320.00 D. $376.27 None of the above Your