This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Use PMT = . Round to the nearest dollar. Suppose that you are buying a car for $50,000, including ... (Read 582 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by appyboo on Feb 2, 2020

otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
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.
Answer Preview
Only 32% of students answer this correctly


Natalie Machavariani

  • Newbie
  • *
  • Posts: 2
Reply #2 on: Apr 25, 2021
Thank you!


Natalie Machavariani

  • Newbie
  • *
  • Posts: 2
Reply #3 on: Apr 25, 2021
Thank you


« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Round-Lobed Hepatica Round-Lobed Hepatica
Anatomically modern humans left archaeological clues, including evidence of burials, which indicate Anatomically modern humans left archaeological clues, including evidence of burials, which indicate
Mucosa-associated lymphoid tissue (MALT), including tonsils, adenoids, and gut-associated lymphoid ... Mucosa-associated lymphoid tissue (MALT), including tonsils, adenoids, and gut-associated lymphoid ...
Wash all surfaces in a massage room daily, including the massage table. Wash all surfaces in a massage room daily, including the massage table.
Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere Summer squash exhibiting various fruit-shape phenotypes, including disc, long, and sphere
Round your answer to the nearest tenth. A patient with a pulmonary embolus has Refludan ... Round your answer to the nearest tenth. A patient with a pulmonary embolus has Refludan ...
Video: Chemical Changes

For a complete list of videos, visit our video library