Question
One dealer is selling the Nissan Leaf Hatchback for $26,700.00. Their finance company is offering a 60-month amortized loan at a rate of 1.5% Assume
One dealer is selling the Nissan Leaf Hatchback for $26,700.00. Their finance company is offering a 60-month amortized loan at a rate of 1.5\% Assume a down payment of 18\%
What will the monthly payment be?
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How much will the car cost, in total?
\$$
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How much money will be paid in interest?
\$$
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If you agreed to make payments once every 2 weeks, what would your payments be?
\$$
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Would this save you money or cost more?
A)The payment frequency has no effect
B)This would cost more
C)This would save you money
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College Accounting Chapters 1-12
Authors: David D Busch, Tracie Nobles
11th Edition
1133710190, 978-1133710196
