Molly is celebrating her exciting new career and wants to upgrade her junky old car for...
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Molly is celebrating her exciting new career and wants to upgrade her junky old car for a shiny new Jeep Patriot. She heads to Jeep's website and sees the following financing deals: Finance for 0% APR 2016 Patriot Latitude 4x4 For 36 months Plus up to $1.500 Cash Alowance Offer xpires on 02-01-2016 Spa Laude rin Astu wag Starg $17.595 $19,740 water Serge $25,495 www.BOLE $24,775 Finance for 1.9% APR For 4 months Pls up to $500 Cash Alowance Offron 02-01-2018 View Diadosure ONC P Bad Note: For this activity, assume Molly's going to pay the exact MSRP of $25,495. This is most likely NOT true, but we'll use it for simplicity. Answer the following questions using the details from the 0% APR offer above. Please round all answers to the nearest dollar. 1. Molly has a $2500 down payment saved for this purchase, and the dealer's $1500 Cash Allowance will come straight off her total. How much loan does Molly need? Molly's loan will be 1000 Molly is celebrating her exciting new career and wants to upgrade her junky old car for a shiny new Jeep Patriot. She heads to Jeep's website and sees the following financing deals: Finance for 0% APR 2016 Patriot Latitude 4x4 For 36 months Plus up to $1.500 Cash Alowance Offer xpires on 02-01-2016 Spa Laude rin Astu wag Starg $17.595 $19,740 water Serge $25,495 www.BOLE $24,775 Finance for 1.9% APR For 4 months Pls up to $500 Cash Alowance Offron 02-01-2018 View Diadosure ONC P Bad Note: For this activity, assume Molly's going to pay the exact MSRP of $25,495. This is most likely NOT true, but we'll use it for simplicity. Answer the following questions using the details from the 0% APR offer above. Please round all answers to the nearest dollar. 1. Molly has a $2500 down payment saved for this purchase, and the dealer's $1500 Cash Allowance will come straight off her total. How much loan does Molly need? Molly's loan will be 1000
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