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From this partial advertisement: $125.89 per month for 60 months $5,400 used car cash price $50 down payment a. Calculate the amount financed. Answer is
From this partial advertisement: $125.89 per month for 60 months $5,400 used car cash price $50 down payment a. Calculate the amount financed. Answer is complete and correct. Amount financed $ 5,350 b. Calculate the finance charge. (Round your answer to the nearest cent.) Answer is complete and correct. Finance charge $ 2,203.40 c. Calculate the deferred payment price. (Round your answer to the nearest cent.) Answer is complete and correct. Deferred payment price $ 7,603.40 d. Calculate the APR by (Use Table 14.1 and Table 14.1(b)). (Round your answers to 2 decimal places.) * Answer is not complete. APR between % and % e. Calculate monthly payment (by formula). (Round your answer to the nearest cent.) Monthly payment NUMBER ANNUAL PERCENTAGE RATE PAYMENTS 2.00 2.25 2.50 2.750 3.00 3.251 3.501 3.75% 4.000 4.259 4.504 4.750 5.00 5.250 5.500 5.755 (FINANCE CHARGE PER $100 OF AMOUNT FINANCED 9.92 O. NE 10.10 10.64 10.15 10.65 11.15 4.88 10.38 10.99 11.41 11.09 25 11.10 1.93 11.63 12.1 11. 12. 11.21 11.79 12.37 12.95 11.12.02 12.62 13.21 14.40 11.11: 12.10 12.71 1. 13.99 10.14 10.32 10.99 9.82 10.50 11.1A 123 1 12.78 14.78 13.00 13.68 14.36 15.04 12.54 13.23 13.92 14.61 15.30 11.06 TABLE 14.1 (concluded) NUMBER ANNUAL PERCENTAGE RATE PAYMENTS 14.009 14.259 14.509 14.75* 15.000 15.259 15.500 15.75 16.00 16.258 16.508 16.758 17.009 17.25 17.501 11.758 (FINANCE CHARGE PER $100 OF AMOUNT FINANCED) WUN 14.29 4.35 OOOO 9.59 9.73 10.12 4:38 11:01 11:21 11.88 12.06 12.23 OOO OM 13:41 13.64 13.88 14.11 12.05 12.4 13.03 12:31 12:42 14.64 14.54 14.76 14.99 15.22 15.44 14.59 14.A2 15.06 15.30 15.54 19.71 16.01 16.25 16.56 14.81 17.07 12.30 17.62 17.88 17.60 18.15 11.43 18.70 11.00 H. . 19. 19.) NNNNN WN 17.11 NN OOO 4 19.62 19.91 20.24 70.19 20. 21.09 1 2 22 27.35 22.72 21.04 21.45 20.56 20.87 21.19 21.3 21.0 24.0 22.99 21.15 11.70 23.AL 24.14 24.55 19.49 20.17 20.54 20.16 20.57 20.90 21.26 10. 21.62 2 . 2 JUR WN 124046 21.06 21.46 21.72 22.13 NNN NNNNN NNNN 24.26 21. AS 22.54 NNNN 22.65 23.06 23.46 21. As 22.95 23.37 23.78 24.19 74.61 NO NNN UN NNN 2 3 & . 0 3 . 21 . 1 2 ON 2 6 . 25.07 24.4 26.25 25.07 25.49 2528 20.29 26.70 27.11 25.46 26.29 26.70 27.1? 21.54 27.94 27.09 77.52 27.9 21.39 28.83 28.35 21.0 79.25 29.70 24.10 29.64 10.10 30.57 29.06 29.51 30.01 30.49 10.96 1.15 30.69 31.19 31.68 32.19 32.69 33.20 ! 1 OW 23.04 23.48 23.70 2935 25.71 26.28 SO NNNN ..... COMO - NNN Oo. OC NNNNN . . . . . 29.11 20:29 27.19 27.69 NNNN VNVN OOO . . . . . ONE ON DOO ... O NN 22 UN NNN 2 ON 20. 9.2 27.74 28.27 28.42 28.97 29.52 NN ... 8 N NN O- O- Puo 09 29.88 2 9 0 OO- ... NO 2 i N N OO 33.67 34.22 33.95 34.51 35.07 . . . . . MO JO O 31.17 31.72 WN O W w v 19 14.44 14.97 34.76 35.31 35.86 35.63 16.19 36.16 17.04 37.6 37.37 37.96 38.56 18.25 38. Ab 39.46 41.29 40.89 41.55 42.20 5 2 14 + 3 w 30.94 31.66 29.79 30. 36 30.48 31.07 31 1.55 33.18 32.10 32.68 33.26 32.25 32.84 33.44 34.0 24.03.2 12:48 15:26 1:3 22:45 25.00 15.73 36.37 37.01 . . . NO 35.01 35.60 36.19 36.71 59.85 36.43 37.04 37.64 9:00 2017 38.30 38.94 10.2002 * . 14 5 37.65 MU WN $9.29 24 32.63 30." 2. W 16.00 34 34.65 35.32 14.64 38:7 39.41 40.10 49.79 24 2. 14: 31.27 44.97 36.73 37.42 38.12 35.35 36.04 38.82 39.5 40.22 40.92 41.63 42.33 43.04 43.75 44.47 45.18 45.90 41.03 36.05 36.76 37.46 31.17 38.88 39.60 40.3 41.74 42.47 43.19 43.91 44.64 45.37 46.10 46.83 36.76 37.48 38.20 26.92 39.65 40.18 41.8 42.57 61.0 44.05 44.79 45.53 46.27 47.02 47.27 37.47 38.20 38.94 39.68 40.42 41.16 41.91 42.65 43.40 44.15 44.9145.66 46.42 47.18 47.94 48.71 48.09 48 38.18 38. 39.68 40 42 41.19 41.95 +2.71 42 43 44:21 16:06 45. 46.5 42.32 39.61 40.39 11.11 41.95 42.74 43.53 44.32 45.11 45.91 46.71 47.51 48.31 20:13 49.92 50.73 51.55
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