Question: can you please solve it! math- Grade 11 MBF3C - Grade 11 Mathematics Lesson 5 Consolidation A 35 year-old male driver wants to buy a

can you please solve it!

math- Grade 11

can you please solve it! math- Grade 11 MBF3C - Grade 11

MBF3C - Grade 11 Mathematics Lesson 5 Consolidation A 35 year-old male driver wants to buy a new Chrysler Pacifica L. The total cost of the vehicle is $40 726. He has the following financing options: Term Rate 36 months 3.25% 48 months 3.49% 60 months 3.99% 72 months 4.49% 84 months 4.99% Weekly $274 $210 $173 $149 $133 Payments Per Compounding Period Bi-weekly Semi-monthly Monthly $548 $594 $1,189 $420 $455 $910 $346 $375 $750 $298 $323 $646 $265 $287 $575 1. Determine the total interest that will be paid for the following financing options: a. Bi-weekly payments for 48 months b. Monthly payments for 72 months c. Weekly payments for 60 months d. Semi-monthly payments for 84 months e. Weekly payments for 36 months f. Monthly payments for 48 months 2. How much money will be saved by making semi-monthly payments for 48 months versus making bi-weekly payments for 84 months? 3. The fuel economy of the Chrysler Pacifica is 8.4 L/100 km for highway driving and 12.4 L/100 km for city driving. If this driver will drive 180 km of city driving and 120 km of highway driving each week and the average cost of fuel is $1.12/L, what will be this driver's yearly fuel costs? 4. The driver decides to make semi-monthly payments for 48 months. The monthly cost of insuring this vehicle is $204.75. His driving habits will be as described in the previous question. What will be the yearly cost of financing, fuel, and insuring the vehicle for the first year? Note that taxes are already included in each of these amounts

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