It has been almost 15 years since Julia graduated with a major in aeronautical engineering, and now she makes “buckets of money” working as a project manager for a large defense contracting company. While she is not very thrifty, she does like a good deal, especially on expensive purchases. Julia recently compared new models of the BMW 4-Series, Jaguar F-type, Audi A7, and Infiniti Q50. She checked out reviews in Consumer Reports and other magazines and test drove each vehicle. After deciding on the BMW, Julia shopped online for dealers beyond her community. Julia thinks that she will save about $3800 if she buys her car and an extended warranty on it from a dealer located 40 miles from her home instead of her hometown seller. She is not sure whether she should take advantage of the dealer’s 3 percent financing versus a $4000 rebate, take the rebate and get a 6 percent loan from a nearby credit union, or lease the vehicle. Offer your opinions about her thinking.
Answer to relevant Questions(a) What preshopping research might Gary do to select the best brand of refrigerator?(b) Using the information in Table 7-1 on page 213 or the Garman/Forgue companion website, determine Gary’s monthly payment for the two ...1. Explain why the portions of a monthly mortgage payment that are allocated toward interest and toward principal will vary as the loan is repaid. 2. Distinguish between a conventional mortgage loan and an adjustable-rate ...Julia has been thinking about buying a home. For several months, she has been watching real estate shows on television and visiting open houses in her community. She thinks it is time to take the plunge and buy a much larger ...1. What is the best way to establish documentation for potential losses to your personal property? 2. Describe what you should do to file a claim most effectively when involved in an automobile accident. 3. Describe the term ...You have been talking at a party to some friends about insurance. One young married couple in the group believes that insurance is almost always a real waste of money. They argue, “The odds of most bad events occurring are ...
Post your question