Question
See this question to help with the one below (Part 1): https://www.chegg.com/homework-help/questions-and-answers/part-1-investing-future-help-get-started-andrea-s-mother-gives-2100-graduation-gift-around-q90155610 Part 2 New Car Four years after starting her new job Andreas car
See this question to help with the one below (Part 1): https://www.chegg.com/homework-help/questions-and-answers/part-1-investing-future-help-get-started-andrea-s-mother-gives-2100-graduation-gift-around-q90155610
Part 2 New Car
Four years after starting her new job Andreas car has finally broken down to a point that she can no longer fix it. She decides it is time to buy a new car. After doing some research she decides on a Nissan Leaf. The base model has a sticker price of $25,000. However, with the upgrades and add-ons that Andrea wants the car will cost her an additional 6%. There is no sales tax in her state.
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What is the price that Andrea pays for the Leaf?
Andrea is short on cash, so she trades in her old broken down car to cover the $1260 down payment on the new car. She then finances the rest using a 60-month, 4.0% APR car loan.
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What will her monthly payments be on the car loan?
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Project Financing Analyzing And Structuring Projects
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811232393, 9789811232398
