personal finacne chap 8 need questions 4, 5, 7 and 9

4. Calculating the Cost of Credit. Pierre Martina is comparing the cost of credit to the cash price of an item. If Pierre makes a $70 down payment and pays $34 a month for 24 months, how much more will that amount be than the cash price of S695? 5. Computing Unit Prices Calculate the unit price of each of the following items. 25 quarts Item Price Size Unit Price Motor oil $1.95 cents/quart Cereal 2.17 15 ounces cents/ounce Canned fruit 0.89 13 ounces cents/ounce Facial tissue 2.25 300 tissues conts/100 tissues Shampoo 3.96 17 ounces cents/ounce 3-2 6. Calculating the Present Value of a Consumer Purchase. What would be the net present value of a microwave oven that costs S159 and will save you S68 a year in time and food away from home? Assume an average return on your savings of 4 percent for five years 38-2 7. Comparing Automobile Loans. What would be the total vehicle cost in each of these situations? Vehicle 1: A down payment of $3.500 with 48 monthly payments of $312. Vehicle 2: A down payment of $2.700 with 60 monthly payments of $276. Insurance. S680 9. Buying versus Leasing a Motor Vehicle. Based on the following, calculate the costs of buying and of leasing a motor vehicle. Purchase Costs $500 Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs Security deposit Lease payment End of louse charges $1,500 $450 for 36 months $4,000 4% $450 for 36 months $600