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Compare Auto Loans Directions: Follow the instruction below for Parts 1-4. Molly is celebrating her exciting new career and wants to upgrade her junky old
Compare Auto Loans Directions: Follow the instruction below for Parts 1-4. Molly is celebrating her exciting new career and wants to upgrade her junky old car for a shiny new Jeep Patriot. She heads to Jeep's website and sees the following financing deals: 2016 Patriot Latitude 4x4 $17 595 $19.740 CHIIIIIS $25.495 $24,775 Note : For this activity, assume Molly's going to Finance for Finance for 0% APR 1.9% APR pay the exact MSRP of $25,495 . This is most likely NOT true, but we'll use it for simplicity. For 36 months For 84 months Rus up to $1500 Paus up to $500 Cash Allowance Ofer expires on 03-01-2016. View Disclosure Part 1: 0% APR sounds PERFECT! Answer the following questions using the details from the 0% APR offer above. Please round all answers to the nearest dollar. 1. Molly has a $2500 down payment saved for this purchase, and the dealer's $1500 Cash Allowance will come straight off her total. How much loan does Molly need? Molly's loan will be 1000
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