can you please show work
here is the cost of the car
part A. is the cost of the car, but i need part B.
d. Find the sales tax paid on the car e. Find the total cost of the car Option B: With a current "deep discount" promotion, you receive a $4000 instant rebate taken off the cost of the car. In addition, the value of your trade-in is increased by 25%. The loan terms are 4.5% annual interest rate for a period of 3 years. a. Find the price of the car b. Find the sales tax c. Find the down payment for your trade-in for this option d. Find the amount financed by the loan. e. Find the monthly loan payment - be sure to show the formula with substituted values and how you obtained those values. Part I: Buy a Car You are looking to purchase a car valued at $32.000 and the dealer has "pre-valued" your trade-in at $5000. Therefore you are looking to finance $27.000. Sales tax in your jurisdiction, which you should factor into the cost of the car, is 7.25%. Note that sales tax is paid on the final price of the car, not the amount financed or how much you put as a down payment. However instant rebates reduce the price of the car. The dealership is offering one of two promotions on the car you want. First let's work the numbers for these two options. Option A: The finance company offers a "low and slow" option with only 1.2% annual percentage rate over 7 years. You are financing the full $27.000. a. Find the monthly loan payment - be sure to show the formula with substituted values and how you obtained those values. b. Find the total cost of the loan C. How much interest do you pay on the car with this option Part 1: Buy a Car You are looking to purchase a car valued at $32,000 and the dealer has "pre-valued" your trade-in at $5000. Therefore you are looking to finance $27.000. Sales tax in your jurisdiction, which you should factor into the cost of the car, is 7.25%. Note that sales tax is paid on the final price of the car, not the amount financed or how much you put as a down payment. However instant rebates reduce the price of the car. The dealership is offering one of two promotions on the car you want. First let's work the numbers for these two options. Option A: The finance company offers a "low and slow" option with only 1.2% annual percentage rate over 7 years. You are financing the full $27.000. a. Find the monthly loan payment - be sure to show the formula with substituted values and how you obtained those values b. Find the total cost of the loan c. How much interest do you pay on the car with this option Option B: With a current "deep discount" promotion, you receive a $4000 instant rebate taken off the cost of the car. In addition, the value of your trade-in is increased by 25%. The loan terms are 4.5% annual interest rate for a period of 3 years. a. Find the price of the car b. Find the sales tax C. Find the down payment for your trade-in for this option d. Find the amount financed by the loan. e. Find the monthly loan payment - be sure to show the formula with substituted values and how you obtained those values. f. Find the total cost of the loan g. How much interest do you pay on the car over the course of the loan h. Find the total cost of the car
