Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

News DOJO COMOROS CONCORRECT Brav e DOOF COMM E NT FOOD Om du DO COM UMA R ide COD CARP DOMOTE CONTRASTERS LE RENCONTR E

image text in transcribed
image text in transcribed
image text in transcribed
News DOJO COMOROS CONCORRECT Brav e DOOF COMM E NT FOOD Om du DO COM UMA R ide COD CARP DOMOTE CONTRASTERS LE RENCONTR E Brendan DOMOMINE COMMONS RED CARP b) Sale price of the car = $63245 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT c) If the dealership you are buying the car from is offering 5.2% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above. Monthly payment = $ 1328.15 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. d) How much would you actually pay for the car over 5 years? Total amount paid for car= $79688.70 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. e) How much interest would you pay over 5 years? Amount of interest - $ 16993.70 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate? Monthly payment = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. g) How much would you actually pay for the car over 6 years? Total amount paid for cars DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate? Monthly payment = $( DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. g) How much would you actually pay for the car over 6 years? Total amount paid for car = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. h) How much interest would you pay over 6 years? Amount of interest = $/ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. News DOJO COMOROS CONCORRECT Brav e DOOF COMM E NT FOOD Om du DO COM UMA R ide COD CARP DOMOTE CONTRASTERS LE RENCONTR E Brendan DOMOMINE COMMONS RED CARP b) Sale price of the car = $63245 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT c) If the dealership you are buying the car from is offering 5.2% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above. Monthly payment = $ 1328.15 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. d) How much would you actually pay for the car over 5 years? Total amount paid for car= $79688.70 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. e) How much interest would you pay over 5 years? Amount of interest - $ 16993.70 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate? Monthly payment = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. g) How much would you actually pay for the car over 6 years? Total amount paid for cars DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT Round your answer to 2 decimal places as needed. f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate? Monthly payment = $( DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. g) How much would you actually pay for the car over 6 years? Total amount paid for car = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. h) How much interest would you pay over 6 years? Amount of interest = $/ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Practical Introduction

Authors: Ilias Basioudis

1st Edition

0273714295, 978-0273714293

More Books

Students also viewed these Accounting questions

Question

What role do hormone levels play in mood?

Answered: 1 week ago

Question

2 What are the psychological stages of coping with change?

Answered: 1 week ago

Question

6 Why is change considered a central aspect of HRM practice?

Answered: 1 week ago