h sputtered and squeaked and with a small hesitation followed by an abbeeviated lunge, it was finally over Ol Reliable, the car Jamic Lee had driven since she finst camed her driver's license at the age of 17, completod its last mile. Thiteen years and 140,000 miles later, it was time for a new vehicle. After skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was ready to visit car dealers to see what vchicles would inmstr She was wnsure if she would purchase a car brand new, usod, finance with a dows payment, or lease. "No moncy down and only S220 a meth," Jamie Lee read, "with approved cd' Sou ded like an effer sh would be interested in. Jamie Lee knew she had a good credis rating as she made sure she paid all of her bills on time each month, and kept a doe eye on aedi sore ever sance she was the victim of identity theft several years ago. The mone she thought ahout the brand new car, the more excited she becameThat new car fit her personality parfoctly! As Jame Lee inquired about the advertised vehicle with the new car salesperion, her excitement quickly tursed to dismay. The automolbile advertised was availabile foer $220 a moeth with no moncy down, based on approved credit, but Jamie Lee umespectedly found that there were further qualifications in order to get the advertised price. The sallesman explained that the information in the fine print of the newspaper advertisement stated that the price was based orn all of the following criteria: being active in the military, a collage graduate within the last three months, a current lessee of the automobile company, and having a sop tier cradit score, which he noted was above 800 1f Jamie Lee did not meet all of the qualifications, she would not receive the proe adverthed in the promotion But, he noned, he could get hef in at vehicle, but it would cost her an additional $115 per monch. Twe hundred and seventy-five dolars was the maximum Jamie budgeted for a monthly payment. This vehicle was outside of her financial plan Jamie Lee had to start over from scralch She decided thait she mt fully research the vehicle purchase process before beowsing at another dealership. She felt she was genting caught up in the moment and vowed to do her research before speakingwith another salesperson. Complete the table below to compare the costs and bencfits of a cash purchase versus a credit purchase. Each answer must have a value for the assignment to be complkete. Enter " for any unused categories. See below for the necessary data See Addendum B for the necessary data Research for Nissan Versa Sedan 2016 4 speed wutomatic Blctooth hands-free phone system Total price of car Down payment Amount financed $14,530:00 585000 $14.53000 560000 15,96000 Adsted capitalized cost$15,100.00 0tal proe ofcar Acquisition fce Length of time Length of time Searity dpout Interest rate 3.55% 325.00 Mosthly payment Savings account interest eamed rate-1 04% Estimated value of car at end of loan-$6,000 299.00 Jamie Lee intends so use the car foe at least five years befone selling or trading it for a small Note that there is a 5500 rebate offer for cash purchase The tax is calculated using the Total cost of veicle Total cost of vehicle Tax Tags and registration $14,5300 139% deliveryset up fees) h sputtered and squeaked and with a small hesitation followed by an abbeeviated lunge, it was finally over Ol Reliable, the car Jamic Lee had driven since she finst camed her driver's license at the age of 17, completod its last mile. Thiteen years and 140,000 miles later, it was time for a new vehicle. After skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was ready to visit car dealers to see what vchicles would inmstr She was wnsure if she would purchase a car brand new, usod, finance with a dows payment, or lease. "No moncy down and only S220 a meth," Jamie Lee read, "with approved cd' Sou ded like an effer sh would be interested in. Jamie Lee knew she had a good credis rating as she made sure she paid all of her bills on time each month, and kept a doe eye on aedi sore ever sance she was the victim of identity theft several years ago. The mone she thought ahout the brand new car, the more excited she becameThat new car fit her personality parfoctly! As Jame Lee inquired about the advertised vehicle with the new car salesperion, her excitement quickly tursed to dismay. The automolbile advertised was availabile foer $220 a moeth with no moncy down, based on approved credit, but Jamie Lee umespectedly found that there were further qualifications in order to get the advertised price. The sallesman explained that the information in the fine print of the newspaper advertisement stated that the price was based orn all of the following criteria: being active in the military, a collage graduate within the last three months, a current lessee of the automobile company, and having a sop tier cradit score, which he noted was above 800 1f Jamie Lee did not meet all of the qualifications, she would not receive the proe adverthed in the promotion But, he noned, he could get hef in at vehicle, but it would cost her an additional $115 per monch. Twe hundred and seventy-five dolars was the maximum Jamie budgeted for a monthly payment. This vehicle was outside of her financial plan Jamie Lee had to start over from scralch She decided thait she mt fully research the vehicle purchase process before beowsing at another dealership. She felt she was genting caught up in the moment and vowed to do her research before speakingwith another salesperson. Complete the table below to compare the costs and bencfits of a cash purchase versus a credit purchase. Each answer must have a value for the assignment to be complkete. Enter " for any unused categories. See below for the necessary data See Addendum B for the necessary data Research for Nissan Versa Sedan 2016 4 speed wutomatic Blctooth hands-free phone system Total price of car Down payment Amount financed $14,530:00 585000 $14.53000 560000 15,96000 Adsted capitalized cost$15,100.00 0tal proe ofcar Acquisition fce Length of time Length of time Searity dpout Interest rate 3.55% 325.00 Mosthly payment Savings account interest eamed rate-1 04% Estimated value of car at end of loan-$6,000 299.00 Jamie Lee intends so use the car foe at least five years befone selling or trading it for a small Note that there is a 5500 rebate offer for cash purchase The tax is calculated using the Total cost of veicle Total cost of vehicle Tax Tags and registration $14,5300 139% deliveryset up fees)