Mathematics, 09.12.2021 23:40, brevinsparks4

The price of a new car is $40,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 7%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 48 months? Over a period of 72 months?
48 months $
72 months $

(b) What will the interest charges be if she elects the 48-month plan? The 72-month plan?
48-month plan $
72-month plan $

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 16:00, emilyblaxton

Pick the expression that matches this description: a polynomial of the 5th degree with a leading coefficient of 7 and a constant term of 6 (choice a) 7x^5+2x^2+6 (choice b) 7x^6−6x^4+5 (choice c) 6x^7−x^5+5 (choice d) 6x^5+x^4+7

Answers: 2

continue

Mathematics, 21.06.2019 16:00, chartrow7

An appliance store sells a washer-dryer combination for $1800. if the washer costs $300 more than the dryer, find the cost for each appliance.

Answers: 3

continue

Mathematics, 21.06.2019 18:00, lovemykay2355

If f(x) = 4x – 3 and g(x) = 8x + 2, find each function value a. f[g(3)] b. g[f(5)] c. g{f[g(-4)]}

Answers: 3

continue

Mathematics, 22.06.2019 03:00, ninigilford

Ben frank is an electrician who installs lighting fixtures. he charges (in dollars) his clients 15h+40f15h+40f where hh is the number of hours worked and ff is the number of fixtures installed. how much does ben frank charge when he works 77 hours and installs 99 fixtures?

Answers: 1

continue

Do you know the correct answer?

The price of a new car is $40,000. Assume that an individual makes a down payment of 25% toward the...