4) a) If you live 13 miles away from where you work and you drive to work five days a week, how many miles will you drive per month going to and from work? (For simplicity, assume 4.3 weeks per month.) Round your answer to the nearest tenth of a mile. b) If your car averages 25 miles per gallon of gas, how many gallons of gas will you use in a month? Round your answer to the nearest tenth of a gallon. c) If gas costs $3.20 per gallon, how much will you spend on gas in a month going to work? Round to the nearest cent
4) a) If you live 13 miles away from where you work and you drive to work five days a week, how many miles will you drive per month going to and from work? (For simplicity, assume 4.3 weeks per month.) Round your answer to the nearest tenth of a mile.
b) If your car averages 25 miles per gallon of gas, how many gallons of gas will you use in a month? Round your answer to the nearest tenth of a gallon.
c) If gas costs $3.20 per gallon, how much will you spend on gas in a month going to work? Round to the nearest cent.
d) Monthly car payments and gas are just two costs associated with owning a car. List at least two more costs associated with owning a car.
5) You can afford payments of $950 per month for the purchase of a house.
a) What is the largest amount you can finance for this house at 3.2% APR for 30 years? (Round to the nearest dollar.)
b) How much total will you be paying the loan company at the end of 30 years for this house if you are paying $950 per month for 30 years?
c) Now you are curious what the payments would be if you financed the amount found in part a) at 3.2% APR for 20 years instead of 30 years. How much would your monthly payments be if you financed the amount you found in part a) for 20 years at 3.2% APR? (Round to the nearest dollar.)
d) Using the payments you found from part c), how much total will you pay the loan company at the end of 20 years?
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