Chapter 13, Problem 15AT

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Joe Keener found the accompanying ad for a Ford Mustang in his local newspaper. If the sales tax in his state is 7% and the tag and title fees are $165, calculate the following information for Joe.

a. The total cost of the car, including tax, tag. and title

b. The amount financed

c. The finance charge

d. The total deferred price of the car

e. The annual percentage rate of the loan rounded to the nearest hundredth

**(a)**

To determine

**To calculate:** The total cost of the car including with the tax, tag and the title, if Joe Keener found the accompanying ad for a Ford Mustang in his local newspaper with the sales tax is

Explanation

**Given Information:**

Joe Keener found the accompanying ad for a Ford Mustang in his local newspaper with the sales tax is

**Calculation:**

Consider the provided information from the figure,

The sales price is

**(b)**

To determine

**To calculate:** The financed amount, if Joe Keener found the accompanying ad for a Ford Mustang in his local newspaper with the sales tax is

**(c)**

To determine

**To calculate:** The finance charge, if Joe Keener found the accompanying ad for a Ford Mustang in his local newspaper with the sales tax is

**(d)**

To determine

**To calculate:** The total deferred price of car, if Joe Keener found the accompanying ad for a Ford Mustang in his local newspaper with the sales tax is

**(e)**

To determine

**To calculate:** The annual percentage rate nearest to the hundredth place, if Joe Keener found the accompanying ad for a Ford Mustang in his local newspaper with the sales tax is

Sect-13.I P-1TIESect-13.I P-2TIESect-13.I P-3TIESect-13.I P-1RESect-13.I P-2RESect-13.I P-3RESect-13.I P-4RESect-13.I P-5RESect-13.I P-6RESect-13.I P-7RE

Sect-13.I P-8RESect-13.I P-9RESect-13.I P-10RESect-13.I P-11RESect-13.I P-12RESect-13.I P-13RESect-13.I P-14RESect-13.I P-15RESect-13.I P-16RESect-13.I P-17RESect-13.I P-18RESect-13.II P-4TIESect-13.II P-5TIESect-13.II P-6TIESect-13.II P-7TIESect-13.II P-8TIESect-13.II P-9TIESect-13.II P-1RESect-13.II P-2RESect-13.II P-3RESect-13.II P-4RESect-13.II P-5RESect-13.II P-6RESect-13.II P-7RESect-13.II P-8RESect-13.II P-9RESect-13.II P-10RESect-13.II P-11RESect-13.II P-12RESect-13.II P-13RESect-13.II P-14RESect-13.II P-15RESect-13.II P-16RESect-13.II P-17RESect-13.II P-18RESect-13.II P-19RESect-13.II P-20RESect-13.II P-21RESect-13.II P-22RESect-13.II P-23RESect-13.II P-24RESect-13.II P-25RESect-13.II P-26RESect-13.II P-27RESect-13.II P-28RESect-13.II P-29RESect-13.II P-30RESect-13.II P-31RESect-13.II P-32RESect-13.II P-33RESect-13.II P-34RESect-13.II P-35RESect-13.II P-36RESect-13.II P-37RESect-13.II P-38RESect-13.II P-39RESect-13.II P-40RESect-13.II P-41RESect-13.II P-42RESect-13.II P-43RESect-13.II P-44RESect-13.II P-45RESect-13.II P-46RESect-13.II P-47RESect-13.II P-48RESect-13.II P-49RESect-13.II P-50RESect-13.II P-51RESect-13.II P-52RESect-13.II P-53RESect-13.II P-54RESect-13.II P-55RECh-13 P-1CRCh-13 P-2CRCh-13 P-3CRCh-13 P-4CRCh-13 P-5CRCh-13 P-6CRCh-13 P-7CRCh-13 P-8CRCh-13 P-9CRCh-13 P-10CRCh-13 P-11CRCh-13 P-12CRCh-13 P-13CRCh-13 P-14CRCh-13 P-1ATCh-13 P-2ATCh-13 P-3ATCh-13 P-4ATCh-13 P-5ATCh-13 P-6ATCh-13 P-7ATCh-13 P-8ATCh-13 P-9ATCh-13 P-10ATCh-13 P-11ATCh-13 P-12ATCh-13 P-13ATCh-13 P-14ATCh-13 P-15AT

Finite Mathematics

Elementary Technical Mathematics

Mathematical Applications for the Management, Life, and Social Sciences

Mathematical Excursions (MindTap Course List)

Elementary Geometry For College Students, 7e

Single Variable Calculus

Single Variable Calculus: Early Transcendentals, Volume I

Precalculus: Mathematics for Calculus (Standalone Book)

Multivariable Calculus

Intermediate Algebra

Calculus: Early Transcendental Functions

Essentials Of Statistics

Applied Calculus

Calculus: Early Transcendentals

Finite Mathematics and Applied Calculus (MindTap Course List)

Calculus (MindTap Course List)

Statistics for The Behavioral Sciences (MindTap Course List)

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Understanding Basic Statistics

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Calculus: An Applied Approach (MindTap Course List)

Probability and Statistics for Engineering and the Sciences

Calculus of a Single Variable

Single Variable Calculus: Early Transcendentals

Elements Of Modern Algebra

Trigonometry (MindTap Course List)

Calculus: Early Transcendental Functions (MindTap Course List)

Finite Mathematics for the Managerial, Life, and Social Sciences

Study Guide for Stewart's Multivariable Calculus, 8th

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Elementary Geometry for College Students

Statistics for Business & Economics, Revised (MindTap Course List)

Calculus (MindTap Course List)

Multivariable Calculus

Introduction To Statistics And Data Analysis

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Mathematics For Machine Technology

College Algebra (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

Mathematics: A Practical Odyssey

Research Methods for the Behavioral Sciences (MindTap Course List)