Problem 5 You are buying a car The one you have choosen to purchase is going to cost you $32,985 Your car salesman has told you that you can purchase this vehicle for $525 per month for 72 months What interest rate will you be paying Problem 6 You are not quite sure about the car deal in Problem 5 So the car salesman now tells you that the company is offering a bonus if you buy the car today You can either choose to get a $2500 discount on the car price, or zero percent financing Which option is the best deal Please compute the PMT for both options to find out Cash back deal Zero financing deal NPER 72 NPER 72 72 I Y (Rate) I Y (Rate) 0 38 0 00 PV 32,985 PV 30485 32985 PMT 525 PMT FV 0 FV 0 Compounding Periods 1 Compounding Periods CPT (Compute) 0 38 CPT (Compute) $484 76 $458 13

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Problem 5  You are buying a car  The one you have choosen to purchase is going to cost you $32,985  Your car salesman has told you that you can purchase this vehicle for $525 per month for 72 months  What interest rate will you be paying  Problem 6  You are not quite sure about the car deal in Problem 5  So the car salesman now tells you that the company is offering a bonus if you buy the car today  You can either choose to get a $2500 discount on the car price, or zero percent financing  Which option is the best deal  Please compute the PMT for both options to find out  Cash back deal Zero financing deal NPER 72 NPER 72 72 I Y (Rate)   I Y (Rate) 0 38  0 00  PV 32,985 PV 30485 32985 PMT 525 PMT     FV 0 FV 0 Compounding Periods 1 Compounding Periods CPT (Compute)   0 38  CPT (Compute)   $484 76 $458 13

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Problem 5: You are buying a car. The one you have choosen to purchase is going to

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Physics of Everyday Phenomena A conceptual Introduction to physics

Problem 5: You are buying a car. The one you have choosen to purchase is going to cost you $32,985. Your car salesman has told you that you can purchase this vehicle for $525 per month for 72 months. What interest rate will you be paying?		Problem 6: You are not quite sure about the car deal in Problem 5. So the car salesman now tells you that the company is offering a bonus if you buy the car today. You can either choose to get a $2500 discount on the car price, or zero percent financing. Which option is the best deal? Please compute the PMT for both options to find out.




			Cash back deal	Zero financing deal
NPER	72	NPER	72	72
I/Y (Rate)	?	I/Y (Rate)	0.38%	0.00%
PV	32,985	PV	30485	32985
PMT	525	PMT	?	?
FV	0	FV	0
Compounding Periods	1	Compounding Periods
CPT (Compute) ?	0.38%	CPT (Compute) ?	$484.76	$458.13

Problem 5: You are buying a car. The one you have choosen to purchase is going to

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Physics of Everyday Phenomena A conceptual Introduction to physics

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