1 You want to purchase an automobile for $31,687. The dealer offers you 0% financing for 48months or a $3,984 rebate. You can obtain 6% financing for 48 months at the local bank. Whichoption should you choose?Rebate0% financingHow much money will you save per month?(Round to two decimal places.)

Answered: Image /qna-images/answer/6bc7b317-561e-4800-889b-1b43eaa773f8.jpg

Answered: You want to purchase an automobile for…

Mathematics For Machine Technology

8th Edition

ISBN:9781337798310

Author:Peterson, John.

Publisher:Peterson, John.

Chapter24: Percent Practical Applications

Section: Chapter Questions

Problem 40A: A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job...

See similar textbooks

Similar questions

Car insurance Justin’s car insurance has a $750 deductible per incident. This means that he pays $750 and his insurance company will pay all costs beyond $750. If Justin files a claim for $2,100. how much will he pay? how much will his insurance company pay?
APPLICATIONS MortgageDr. Gupta is considering a 30-year mortgage at 6 interest. She can make payments of 3500 a month. What size loan can she afford?
Home insurance Armando’s home insurance has a $2,500 deductible per incident. This means that he pays $2,500 and the insurance company will pay all costs beyond $2,500. If Armando files a claim for $19,400. (a) how much will he pay? (b) how much will the insurance company pay?
A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job are $110,400. What percent of the job is profit? Round the answer to 1 decimal place.

Recommended textbooks for you

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

Holt Mcdougal Larson Pre-algebra: Student Edition…

Algebra

ISBN:

9780547587776

Author:

HOLT MCDOUGAL

Publisher:

HOLT MCDOUGAL

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

You want to purchase an automobile for $31,687. The dealer offers you 0% financing for months or a $3,984 rebate. You can obtain 6% financing for 48 months at the local bank. option should you choose? Rebate 0% financing How much money will you save per month? (Round to two decimal places.)