maggielizzy2003 maggielizzy2003

05-10-2022
Mathematics

Answered

Because of Andrea’s low credit score, the bank manager told her she will need a co-signer on the loan. Andrea’s parents are not willing to co-sign, but have offered to sell her their 2013 Ford Fusion for $15,000. The bank is offering a 3.25% APR 60 month used car loan.
a. Since Andrea still plans to use the $4,000 down payment, how much will she need to borrow?

b. What would Andrea type into Excel to figure her monthly payment for the Fusion, and what will her monthly payment be?

c. How much will Andrea save over the 60 months of the car loan if she buys the Fusion?

Answer :

Other Questions

The advertisement for the 3-D TV at the Electronic Boutique appeared in your local newspaper this morning. Answer the questions based on the information in the

You deposit $2000 in an account with an annual interest rate of r (in decimal form) compounded monthly. At the end of 5 years, the balance A is A = 2000(1+(r/m)

16 2 9 2/3 aph 2.) ANALYZE A PROBLEM In Exercises 15 and 16, identify the independent and dependent variables. 15, the number of quarters you put into a parking

Consider a mortgage at 3.5% interest compounded monthly? Would your interest charge for the last month be the same as your charge for the first month in your mo

5, 6. 9. 7 YA 4 2 Input, x 16 Output, y -2 Input, x Output, y 2 0 -3 2 Nijm 4 6 1 -1 2 4 6 bok 0 In Exercises 7-10, determine whether the graph represents a fun

Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 33 years and anticipate they will need funding

Fill in the blanks to explain what needs to be done in the current step to get to the next step. 3x + 4 − 2x + 9 = 17 − x

16. As a manager in the municipal parks department, you run an urban composting program. At one community garden, the area set aside for composting bins is 12 f

The 2 in 210,985 is how many times greater than the 2 in 518,302?

Calculate the standard deviation of the sample quantitative data shown, to two decimal places. X 11.4 11.6 20.1 5.4 27.9 11.7 8.9 19.7 Standard deviation: