SOLUTION: ind a vehicle that you would like to own on the internet. Paste a picture or screen shot that includes the following: i) Picture of the vehicle. ii) Sale price of the vehicle.

Algebra ->  Finance -> SOLUTION: ind a vehicle that you would like to own on the internet. Paste a picture or screen shot that includes the following: i) Picture of the vehicle. ii) Sale price of the vehicle.       Log On


   

Question 1038396: ind a vehicle that you would like to own on the internet. Paste a picture or screen shot that includes the following:
i) Picture of the vehicle.
ii) Sale price of the vehicle.
(any car of YOUR choice)
Sale price of the car = $

c) If the dealership you are buying the car from is offering 6% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above.
Monthly payment = $.

d) How much would you actually pay for the car over 5 years?
Total amount paid for car = $.
e) How much interest would you pay over 5 years?
Amount of interest = $.

f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate?
Monthly payment = $. .

g) How much would you actually pay for the car over 6 years?
Total amount paid for car = $. .

h) How much interest would you pay over 6 years?
Amount of interest = $.
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


You find your own picture and determine what the sales price is for yourself. If you don't understand how to do this, then you are way over your head in the class you are in and I recommend that you withdraw immediately so that you can stop wasting your instructor's time, your classmates' time, my time, and your own time.

John

My calculator said it, I believe it, that settles it