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