as Laura estimates that his car costs $290 per month in in fixed expenses, such insurance and registration. Additionally, he calculates gas, oil, and maintenance at 16 cents per mile. Laura typically drives 1,250 miles each month on average. How much would Laura expect his total car costs to be in May if he drives 1,680 miles?
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Total costs to be in May if he drives 1680 miles ?
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- Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 45 cents per mile. Aldo estimates that his fixed costs per year-such as taxes, insurance, and depreciation-are $2,000. The direct or variable costs- such as gas, oil, and maintenance-average about 18.5 cents per mile. How many miles must he drive to break even? Note: Do not round intermediate calculations. Roundup your answer to the next whole number. Break even point milesAldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 52 cents per mile. Aldo estimates that his fixed costs per year-such as taxes, insurance, and depreciation-are $2,400. The direct or variable costs such as gas, oil, and maintenance-average about 21.5 cents per mile. How many miles must he drive to break even? (Do not round intermediate calculations. Roundup your answer to the next whole number.) Break even point milesBrooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.
- Lori earns $3,898 per month. She has a monthly rent payment of $980 along with average credit card payments of $325 and student loan payments of $250. She wants to finance a car but needs to determine her maximum car payment to keep her back end DTI at 39%. What would this payment be?Angela's monthly disposable income is $3,188. She has monthly expenses of $2,869 (including recreational expenses of $404) and net cash flow of $319 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $389 for tags and taxes on her car. How much can Angela expect to save in the next 12 months?Sebastian sells cars for a living. Each month, he earns $1,400.00$1,400.00 of base pay, plus 11.3%11.3% of commission from his sales. One month, Sebastian made $44,400.00$44,400.00 in sales. How much income did he earn in total in that month?
- Amanda must decide to buy or lease a car that she has selected. She has negoiated a purchase price of $35,000 and can borrow money from her credit union by putting $3,000 down and paying $751.68 per month for 48 months at 6% APR. Alternatively, she could lease the car for 48 months at $495 per month by paying $3,000 capitalized cost reduction and a $350 dispostition fee on the car whic is project to have a residual value of $12,100 at the end of the lease. 1. What is the buying dollar cost? 2. What is the leasing dollar cost?Vashti has a suburban home within walking distance of the railroad. She commutes to work in the city at a cost of $366.50 a month. She also rents a car every weekend, which costs $450 a month including insurance and fuel. She is considering purchasing a new car for cash to replace commuting and rental costs. It would cost $22,000, get 31 miles per gallon, and have an estimated resale value of $8,000 after five years. After buying this car, Vashti would drive 20,000 miles per year and have maintenance and repairs of $1,400 per year, insurance of $1,500 per year, and fuel costs of $2.50 per gallon. Assume that all costs occur at the end of the year and that she sells the car at the end of the fifth year. If Vashti's discount rate is 7 percent after tax, should she purchase the car?Abdul works full-time in a bookstore. He earns a take-home salary of $580 a week. His expenses are $770 a month for rent and utilities, $41 a month for his cell phone, $80 a week for groceries, and $150 every two weeks for miscellaneous expenses. How much can Abdul save each month?
- Martin and her girlfriend took a week off from work to spend some time in a cottage in Mont-Tremblant. The weekly rent of the cottage was $1000. They spent about $200 in gasoline for the round trip. Meals and parking bill summed up to $500. Had the couple not gone for this mini-vacation, each of them would have earned $1000. The opportunity cost for the couple of taking this vacation is Select one: A. $3700. B. $2700 C. $1700 D. $2000 E. $0. Martin and her girlfriend took a week off from work to spend some time in a cottage in Mont-Tremblant. The weekly rent of the cottage was $1000. They spent about $200 in gasoline for the round trip. Meals and parking bill summed up to $500. Had the couple not gone for this mini-vacation, each of them would have earned $1000. The opportunity cost for the couple of taking this vacation is Select one: A. $3700. В. $2700 C. $1700 D. $2000 E. $0.Carl’s house payment is $1,270 per month and his car payment is $465 per month. If Carl's take-home pay is $4,200 per month, what percentage does Carl spend on his home and car? (Enter your answer as a percent rounded to 2 decimal places.)Mark makes $82,420 per year and pays about 23% of his gross monthly income in federal and state taxes. He wants to find an apartment to rent. Estimate how much he can afford to pay for rent each month. Then determine how much money he will have after taxes and rent are paid