Assume that the manufacturer’s suggested retail price of a car is $32,600 and its residual value is 41%. The purchaser negotiates a price of $29,300. Find the average monthly finance charge of the car if he made a $3,500 down payment, the annual interest rate is 4.8%, and there is no trade-in.
a. $78.33
b. $27.25
c. $75.63
d. $84.93
a. $78.33
Mathematics
You might also like to view...
Determine whether the statement is true or false.It is possible for the difference of two fractions to be a whole number.
A. True B. False
Mathematics
Compute the values of f(x) and use them to determine the indicated limit.If f(x) = x2 - 5, find f(x).
A. ; limit = -3.0
B. ; limit = -15.0
C. ; limit = -5.0
D. ; limit = ?
Mathematics
Graph. Be sure to label the vertex.y = x2 + 2x - 8
A.
B.
C.
D.
Mathematics
Rewrite the statement so the inequality symbol points in the opposite direction and the new statement has the same meaning as the original.33 < 47
A. 47 > 33 B. 47 < 33 C. 33 > 47 D. 47 ? 33
Mathematics