Answer the question.You currently drive 240 miles per week in a car that gets 16 miles per gallon of gas. You are considering buying a new fuel-efficient car for $13,000 (after trade-in on your current car) that gets 40 miles per gallon. Insurance premiums for the new and old car are $800 and $600 per year, respectively. You anticipate spending $1400 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a five-year period, is it less expensive to keep your old car or buy the new car? By how much?
A. the new car is $1020 less expensive
B. the old car is $1190 less expensive
C. the new car is $1190 less expensive
D. the old car is $1020 less expensive
Answer: C
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Provide an appropriate response.For any loan, the ______ is the amount of money owed at any particular time.
A. interest B. principal C. installment D. None of the above
For the loan described, calculate the monthly payment and the portions of the payments that go to principal and to interest during the first 3 months. Use a table. Calculate the monthly payment and the portions of the payments that go to the principal and to interest during the first 3 months for a student loan of $41,996 with a fixed APR of 8.0% for 10 years.
What will be an ideal response?
Solve.4x + 3x = 28
A. 21
B. 
C. 7
D. 4
Use the Half-angle Formulas to find the exact value of the trigonometric function. cos 22.5°
A. 
B. - 
C. - 
D. 
