Part 2 (after section 5.3 is mastered) Now that you have all the information from Part 1, and the skills to analyze it from section 5.3, look at all 3 financing options. Calculate with the formulas from section 5.3 the monthly payment (a dealership probably told you already, but verify with the formula from the book), total amount paid on the life of the loan, and total paid towards interest. Show your work for all three of those for each car. Take pictures of your hand work and add to one Word document that includes labels. Choose the financing option you prefer and explain why you chose it. Calculate by hand the columns in the amortization table for the first 3 months of the financing option you chose. Include your calculations.
Part 2 (after section 5.3 is mastered) Now that you have all the information from Part 1, and the skills to analyze it from section 5.3, look at all 3 financing options. Calculate with the formulas from section 5.3 the monthly payment (a dealership probably told you already, but verify with the formula from the book), total amount paid on the life of the loan, and total paid towards interest. Show your work for all three of those for each car. Take pictures of your hand work and add to one Word document that includes labels. Choose the financing option you prefer and explain why you chose it. Calculate by hand the columns in the amortization table for the first 3 months of the financing option you chose. Include your calculations.
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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Transcribed Image Text:Part 2 (after section 5.3 is mastered)
Now that you have all the information from
Part 1, and the skills to analyze it from
section 5.3, look at all 3 financing options.
Calculate with the formulas from section
5.3 the monthly payment (a dealership
probably told you already, but verify with
the formula from the book), total amount
paid on the life of the loan, and total paid
towards interest. Show your work for all
three of those for each car. Take pictures of
your hand work and add to one Word
document that includes labels. Choose the
financing option you prefer and explain why
you chose it.
Calculate by hand the columns in the
amortization table for the first 3 months of
the financing option you chose. Include
your calculations.
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