Chris Gaal wants to purchase a car that costs $12,667 including all fees, taxes, etc. He has to make a 10% down payment and finance the rest through a car loan. How much would the loan be? a) $13,933.70 b) $12,667.00 c) $11,400.30 d) $2,156.20

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A: let   the  full  amount of premium  in a year   is     $ x

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Q: Chris Gaalwantsto purchases a car that costs $12,667including all fees, taxes, etc. He has to make a…

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Q: You want to buy a $212,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan…

A: Down payment = 15%  Present value = 212000- 0.15* 212000  30 years = 30*12 = 360 months

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