To be safe, individuals financing the purchase of a vehicle should not have payments greater than...
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To be safe, individuals financing the purchase of a vehicle should not have payments greater than 20% of their net income. Trisha earns a net annual income of $58,750. How much can she afford as a monthly payment? (1 mark) 8. The odometer readings of a car are 70,674 km at the start of a trip and 74,929 at the end of the trip. The car consumed 482 L of gasoline at $1.16/L for the trip. Assume fixed costs of $0.22/km. What is the cost per km of driving the car for the whole trip? Round to the nearest cent. (2 marks) 9. Using the following chart, fill in the payment amounts based on the different frequency of payments. (2 marks) Monthly $725.18 Weekly Accelerated weekly Semi- monthly Bi-weekly Accelerated bi-weekly To be safe, individuals financing the purchase of a vehicle should not have payments greater than 20% of their net income. Trisha earns a net annual income of $58,750. How much can she afford as a monthly payment? (1 mark) 8. The odometer readings of a car are 70,674 km at the start of a trip and 74,929 at the end of the trip. The car consumed 482 L of gasoline at $1.16/L for the trip. Assume fixed costs of $0.22/km. What is the cost per km of driving the car for the whole trip? Round to the nearest cent. (2 marks) 9. Using the following chart, fill in the payment amounts based on the different frequency of payments. (2 marks) Monthly $725.18 Weekly Accelerated weekly Semi- monthly Bi-weekly Accelerated bi-weekly
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7 979 8 93610 9 Weekly 16731 Accelerated weekly 18130 Semi... View the full answer
Related Book For
Personal Financial Planning
ISBN: 978-1305636613
14th edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Posted Date:
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