• 8.5% Annual Percentage Rate! 48 month financing on all Mustangs in stock. 60 to choose from. • ALL READY FOR DELIVERY! Prices starting as low as $21.599. • You just add sales tax and 1% for dealer's freight. We will pay the tag. title, and license. • Add 4% sales tax = $863.96 • Add 1% dealer's freight = $215.99 • Total purchase price = $22,678.95
• 8.5% Annual Percentage Rate! 48 month financing on all Mustangs in stock. 60 to choose from. • ALL READY FOR DELIVERY! Prices starting as low as $21.599. • You just add sales tax and 1% for dealer's freight. We will pay the tag. title, and license. • Add 4% sales tax = $863.96 • Add 1% dealer's freight = $215.99 • Total purchase price = $22,678.95
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Suppose you want to buy a car. You have surveyed the dealers' newspaper advertisements, and the one shown has caught your attention. You can afford to make a down payment of $2,678.95, so the net amount to be financed is $20,000.
(a) What would the monthly payment be?
(b) After the 25th payment, you want to pay off the remaining loan in a lumpsum amount. What is this lump sum?
Transcribed Image Text:• 8.5% Annual Percentage Rate!
48 month financing on all Mustangs
in stock. 60 to choose from.
• ALL READY FOR DELIVERY!
Prices starting as low as $21.599.
• You just add sales tax and 1% for
dealer's freight. We will pay the tag.
title, and license.
• Add 4% sales tax = $863.96
• Add 1% dealer's freight = $215.99
• Total purchase price = $22,678.95
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