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Author Question: Use PMT = . Round to the nearest dollar. Suppose that you are buying a car for $50,000, including ... (Read 557 times)

appyboo

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on: Feb 2, 2020

Question 1

Use  PMT = .  Round to the nearest dollar.

Suppose that you decide to buy a car for $25,485, including taxes and license fees. You saved $7000 for a down payment and can get a five-year loan at 6.52%. Find the monthly payment and the total interest for the loan.
◦ $362; $3235
◦ $362; $19,675
◦ $636; $19,675
◦ $499; $4455

Question 2

Use  PMT = .  Round to the nearest dollar.

Suppose that you are buying a car for $50,000, including taxes and license fees. You saved $10,000 for a down payment. The dealer is offering you two incentives:
Incentive A is a $5000 off the price of the car, followed by a five-year loan at 7.39%.
Incentive B does not have a cash rebate, but provides free financing (no interest) over five years.
What is the difference in monthly payments between the two offers? Which incentive is the better deal?
◦ approximately $67; Incentive A is the better deal.
◦ approximately $85; Incentive B is the better deal.
◦ approximately $33; Incentive B is the better deal.
◦ approximately $15; Incentive A is the better deal.
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
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Marked as best answer by appyboo on Feb 2, 2020

otokexnaru

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Reply #1 on: Feb 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Natalie Machavariani

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Reply #2 on: Apr 25, 2021
Thank you!


Natalie Machavariani

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Reply #3 on: Apr 25, 2021
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