MSRP or List Price Discount Purchase Price Freight Tire/Air Tax Gas Tax Administration Fee Taxable Subtotal Trade-in Allowance Taxable Total HST (13%) Licence Plate Fee Deal Review (New car) Gas Fee Lien Payout Delivery Price MFG Rebate Down Payment Finance Fee Amount Financed Interest Rate Loan Term Monthly Payment Interest Due (at. Balance Due 21,977 500 21,477 660 100 75 85 22.397 22,397 2911.61 74 4 _%) 20 6 25140261 6 54 25,456 6.9010 418 months
MSRP or List Price Discount Purchase Price Freight Tire/Air Tax Gas Tax Administration Fee Taxable Subtotal Trade-in Allowance Taxable Total HST (13%) Licence Plate Fee Deal Review (New car) Gas Fee Lien Payout Delivery Price MFG Rebate Down Payment Finance Fee Amount Financed Interest Rate Loan Term Monthly Payment Interest Due (at. Balance Due 21,977 500 21,477 660 100 75 85 22.397 22,397 2911.61 74 4 _%) 20 6 25140261 6 54 25,456 6.9010 418 months
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
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Question
Hi I need help finding the monthly payment I think I have the right formula but dont know how to solve it

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gian Outlook O Search
4-2023 20.44.pdf
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MSRP or List Price
Discount
Purchase Price
Freight
Tire/Air Tax
Gas Tax
Administration Fee
Taxable Subtotal
Trade-in Allowance
Taxable Total
HST (13%)
Licence Plate Fee
LL
Module 5 Case Study 1
Deal Review (New car)
Gas Fee
Lien Payout
Delivery Price
MFG Rebate
Down Payment
Finance Fee
Amount Financed
Interest Rate
Loan Term
Monthly Payment
Interest Due (at_
Balance Due
21,977
500
21,477
660
100
75
Save to OneDrive
85
22,397
0
22,397
2911-61
74
Lawrence Widdifield - Lawrence. Wid...
ACE Chemistry Static (AA... Mon 3/27
Q Search
ONGOING DEMONSTRATION
hs
_%)
20
6
251 40261
6
amen - Outlook
54
25,256
6.9010
418 months
4
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8
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27 Purchase
price
37 Tarable subtutal = 21,477 +660 + 100 + 75185 = 22, 397
4) Taxable Total =
LL
Save to OneDrive
or MFG Rebate
= 21,977 -500: 21,477
5) HST 0.13 X 22 397 = 2,911.61
67 Deliory fee = 2²,397 + 2911.61 + 14+ 20+ 0
=35,402.61
25,456 PMTY-
22,397-022,397
27 Amaint finanus = 25₁402 - 0-0 + 54
= 25,456
1
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