Prealgebra (6th Edition)
6th Edition
ISBN: 9780134179018
Author: Jamie Blair, John Tobey Jr., Jeffrey Slater, Jenny Crawford
Publisher: PEARSON
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Chapter A.1, Problem 15E
Natasha went to three car dealerships to check the prices of the same Ford two-door coupe. The city where the dealerships are located has a sales tax of 5% and a license fee of 2%. All dealerships offer extended warranties that are 3 years/70,000 miles. Use the following information gathered by Natasha to answer exercises 15 and 16.
a. Which dealership offers the least expensive purchase price? State this amount.
b. Each dealership offers a different interest rate on a 60-month loan without a down payment, resulting in the following monthly payments:
Dealership 1 |
Dealership 2 |
Dealership 3 |
$480.65/month |
$485.46 /month |
$496.44/month |
From which dealership should Natasha buy the Ford coupe so that the total cost of the car is the least expensive? State this amount.
c. Compare the results of parts (a) and (b). What conclusion can you make?
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Chapter A Solutions
Prealgebra (6th Edition)
Ch. A.1 - A college student buys a car and pays a 6% sales...Ch. A.1 - A high school teacher buys a minivan and pays a 5%...Ch. A.1 - Francis is planning to buy a four-door sedan that...Ch. A.1 - Prob. 4ECh. A.1 - Prob. 5ECh. A.1 - Kamir must make a 15% down payment on the purchase...Ch. A.1 - Tabatha bought a minivan that was on sale for...Ch. A.1 - Dante bought a truck that was on sale for $32,499...Ch. A.1 - Jeremiah bought a sports car that was on sale for...Ch. A.1 - Dawn bought a four-door sedan that was on sale for...
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