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 564 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?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

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.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Round and wrinkled phenotypes Round and wrinkled phenotypes
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Fax machines are used in many medical offices, although newer technologies including scanners and ... Fax machines are used in many medical offices, although newer technologies including scanners and ...
Buying A House: Institutional Discrimination and Predatory Lending Buying A House: Institutional Discrimination and Predatory Lending
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library