A car is advertised with a price of $42291. The payment plan to own a car is $468 per month for 4 years. What is the amount of interest paid? Round to the nearest dollar. Do not put the $ in your answer or any units. Only put the number value for your answer.

Q: An auto dealership is advertising that a new car with a sticker price of $33,408 is on sale for…

A:

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Q: What is the amount of interest paid?

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A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

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Q: For the car loan described, give the following information. A car dealer will sell you the $30,950…

A: In this problem we have to get interest rate from given data.

Q: What is the payoff on Angela's loan? (Round your answer to two decimal places.)

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A: Lease is a way to get the asset for a fixed time period by paying periodicals payments to other…

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A: Given:Down payment from today => $5,000Monthly payment => $600Term period => 48 months (4…

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A: Annuity means a series of finite number of payments which are the same in size and occur in the same…

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A: according to the question given, downpayment = $1000 monthly payment (A) = $550 interest rate (R) =…

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A: Given Information: Present Value of loan : $ 3,168 Monthly Payments : $ 100 Number of Period : 36…

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A: Using the PMT function

Q: For the car loan described, give the following information. A car dealer will sell you a used car…

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A: Effective annual rate: It is the rate which is compounded annually.

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A: given, down payment = $8000 therefore loan amount = $31635 - $8000 = $23635 P=23635 R=7.59% N=12 T=3…

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A: Using excel PMT function

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Q: What is the simple interest rate ?

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Q: A computer chip designer purchased a car for $54,676.47, which induded sales tax and registration. f…

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Q: An auto dealership is advertising that a new car with a sticker price of $33,768 is on sale for…

A: To open goal seek, firstly go to Data, followed What-if analysis & then goal seek.

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.