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 1231 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 term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

The mammalian urinary system including the basic functional unit of the nephron. The mammalian urinary system including the basic functional unit of the nephron.
Round-Lobed Hepatica Round-Lobed Hepatica
Buying a Telescope Buying a Telescope
Mucosa-associated lymphoid tissue (MALT), including tonsils, adenoids, and gut-associated lymphoid ... Mucosa-associated lymphoid tissue (MALT), including tonsils, adenoids, and gut-associated lymphoid ...
Calculate the distance from point R(17,5) to the line ... Round to the nearest tenth of a Calculate the distance from point R(17,5) to the line ... Round to the nearest tenth of a
A wrinkled and round garden pea, the phenotypic traits in one of Mendel’s monohybrid crosses A wrinkled and round garden pea, the phenotypic traits in one of Mendel’s monohybrid crosses
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library