for $61,000, including taxes and license fees. You saved $13,000 for a down payment. The dealer is offering you a choice between two incentives. Incentive A is $7000 off the price of the car, followed by a four-year loan at 7.89%. Incentive B does not have a cash rebate, but provides free financing (no interest) over four years. What is the difference in monthly payments between the two offers? Which incentive is the better deal? Use PMT

Q: Suppose Lorenzo wants to buy a truck. The dealer offers a financing package consisting of a 6% APR…

A: Suppose Lorenzo wants to buy a truck. The dealer offers a financing package consisting of a 6% APR…

Q: The cost to purchase the house that Bainters are considering is $195,000 but the Bainters plan to…

A:

Q: to make a balloon payment (large single payment) of $29,367.71 in 10 years. T on payment, you will…

A:

Q: Lewis figured out that the difference in cost between renting an apartment for 30 years at a fixed…

A: The objective of this question is to find out the difference in the monthly cost of renting versus…

Q: Find the interest paid on a 30-year mortgage of $350,000 at an APR of   6%.

A: Given, interest paid on a 30-year mortgage of $350,000 at an APR of   6%.

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: Mitchell has been given the option of either paying his $800 bill now or settling it for $812 after…

A:

Q: Trevor plans on getting a $166,000 loan for 30 years to purchase a home. Lender A offers him a 5%…

A: The objective of this question is to calculate the difference in monthly payments for a home loan…

Q: You want to buy a $19,000 car. You can make a 10% down payment, and will finance the balance with a…

A: First, we need to calculate the amount that will be financed. This is the total cost of the car…

Q: Your rich aunty loans you $40000, for the down payment on a house, at a simple interest of 2% (the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: The Jackson Five has chosen to invest in an orphanage for misplaced foundlings like Annie, and they…

A:

Q: You purchased your house through a contract for deed.  In addition to regular monthly payments, you…

A: Ballon payment (FV)=29367.71 Number of years n=10Annual payment (r)=3% =0.03The formula for…

Q: Suppose that you decide to buy a car for $59,000, including taxes and license fees. You saved…

A:

Q: Marisa leases a car that has a purchase price of $63,500 with an MSRP of $66,950 and decides to…

A:

Q: Suppose you obtain a 30-year mortgage loan of $194,000 at an annual interest rate of 7.9%. The…

A: We have to find out answer of given question....

Q: Acme, Inc., had revenues of $78 million, cash operating expenses of $21 million, and non-cash…

A: Given:Sales: 78 MOperating cost: 21 MDepreciation: 18 MTax: 25%/100 =0.25fixed asset: 15 MIncrease…

Q: Suppose that you decide to buy a car for $59,000, including taxes and license fees. You saved…

A:

Q: Kari is purchasing a home for $260,000. The down payment is 25% and the balance will be financed…

A: The answer provided below has been developed in a clear step by step manner.

Q: Suppose that you decide to buy a car for $61,000, including taxes and license fees. You saved…

A:

Q: The new car costs ​$28,000 and can be financed with a three​-year loan at 6.72​%.  A​ three-year old…

A: The monthly payment can be obtained using the formula PMT=Prn1-1+rn-nY where  P is the principle…

Q: You want to buy a $13,000 car. The company is offering a 4% interest rate for 48 months (4 years).…

A: Where,PVA = Present value of the annuityA = Monthly paymenti = Monthly interest rate in decimal…

Q: The house you find that would accommodate your growing family costs $295,000. You obtain a 30-year…

A: Loan amountinterest rate per month, number of periods in 30 years,