From this partial advertisement: $123.86 per month for 60 months $5,200 used car cash price $50 down payment a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge c. Calculate the deferred payment price. (Round your answer to the nearest cent.)
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- For the car loan described, give the following information. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $302.50. (a) amount to be paid$ (b) amount of interest$ (c) interest rate %(d) APR (rounded to the nearest tenth of a percent) %You buy a truck for $25,200. You must also pay tax and license fees of $1,700. You borrow $23,000 at 9% interest for 5 years with monthly payments of $477.44. What is the total cost of the truck, including tax and license fees and finance chargesA car dealer carries out the following calculations. What is the annual percentage rate? Lis price: $5,227.00 , Options: $1,625.00, Destination charges: $200.00 , Subtotal: $7,052.00, Tax: $431.58 Less trade in: $2,932.00, Amount to be financed: $4,691.03, 10% interest for 48 months: $1,501.63, Total: $6,192.66, Monthly payment: $129.00 Please round your answer to one decimal place(tenth place). Enter only the number without % sign.
- Pat Radigan is planning to buy a Toyota hybrid for $18,989 with $2,100 down and plans to finance the car. Citizens’ Financial Bank quoted a finance charge at 8% for 48 months; Charter One Bank quoted him a finance charge at 7.5% for 60 months. a. What would be his monthly payment to Citizens’ Financial Bank? (Do not round intermediate calculations. Round your answer to the nearest cent.)A washer-dryer combination can be purchased from a department store by making monthly credit card payments of $56.86 for two-and-a-halfyears. The first payment is due on the date of sale and interest is 22% compounded monthly. (a) What is the purchase price? (b) How much will be paid in installments? (c) How much is the cost of financing? (d) If an additional $9.00 per month is added to cover a service contract, what is the value of the entire contract on the date of sale?ramon hernandez saw the following advertisement for a used volkswagen bug and decided to work out the numbers to be sure the ad had no errors. cash price $7,880 down payment $0 annual percentage rate 14.53% deferred price $11,131.80 or 60 payments at $185.53 per month a. calculate the amount financed: b. calculate the finance charge. (round your answer to the nearest cent.): c. calculate the apr by table lookup. (use table 14.1(b).) (round your answers to 2 decimal places.): d. calculate the monthly payment by formula. (round your answer to the nearest cent.): Calculate the monthly payment by table lookup at 14.50% (Use table 14.2 round your answer to the nearest cent):