Business, 08.03.2021 01:00, alannismichelle9

(03.02 MC) Rachel needs a car to get to work and school. She's decided on a used car with a cost of
$9,000. According to her budget, she can afford to pay up to $275 per month in car
payments. Which loan offer is best for Rachel?
Length of
Loan
APR
Late Payment
Fee
Monthly
Payment
Total Cost of
Loan
Offer
1
24 months
4.5% $35
$393
$9,428
Offer
2
36 months
5%
$20
$270
$9.711
Offer
3
48 months
5.5% $45
$209
$10,047
Offer
4
60 months
6.5% $25
$176
$10,566
Offer 1, because it has the lowest APR and lowest total cost of the loan
Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her
budget
Offer 3, because a low monthly payment and the lowest late payment fee
Offer 4, because it has the lowest monthly payment which frees up her budget for more fun
with friends

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 00:50, katie673

At a roundabout, you must yield to a. already in the roundaboutb. entering the roundaboutc. only if their turn signal is ond. only if they honk at you

Answers: 1

continue

Business, 22.06.2019 11:10, korban23

Post test question number 9 for entering the job market

Answers: 1

continue

Business, 22.06.2019 13:30, bobbycisar1205

Hundreds of a bank's customers have called the customer service call center to complain that they are receiving text messages on their phone telling them to access a website and enter personal information to resolve an issue with their account. what action should the bank take?

Answers: 2

continue

Business, 22.06.2019 13:50, trillsmith

Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

Answers: 2

continue

Do you know the correct answer?

(03.02 MC) Rachel needs a car to get to work and school. She's decided on a used car with a cost of...