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You are financing a car worth $28,221.66 with tax included. The interest rate is 11.6% compounded daily. Payments are monthly and made at the end
You are financing a car worth $28,221.66 with tax included. The interest rate is 11.6% compounded daily. Payments are monthly and made at the end of the month. You will own the car in 5 years. You have a down payment of $2,189. Calculate the total amount paid for the car, if purchased. (Purchase price = down payment + total of all payments made) Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 24562.23 You are financing a car worth $25,701.51 with tax included. Interest rates are 4.1% compounded daily. Payments are monthly and made at the end of the month. You will own the car in 4 years. You have a down payment of $2,130. Calculate the finance charge (interest charged on purchase). Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 1564.23 You are financing a car worth $67,478.03 with tax included. Interest rates are 6.7% compounded daily. Payments are monthly and made at the end of the month. You will own the car in 3 years. You have a down payment of $2,086. Assume you drive 3,203 km in 4 years. Calculate the cost per kilometre per year. Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 3.51
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