For this topic I want you to use what you leamed in Sections 5.5 and 5.6...

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For this topic I want you to use what you leamed in Sections 5.5 and 5.6 to look at a possible action: buying a new car. Think about the car you would like to have and were can you get it (most likely a dealershipl) Research online the selling price but also the interest rates and choose one that is convenient for you (suppose you can't get 0% for that car). Find, using the formulas you learned how much would you have to pay monthly in the period the dealer offers you and how much over the selling price will you end up paying at the end of the lease. Post all those results in the discussion board together with all the other information: car mode and maker, rate, selling price, term of lease, and everything else related to your story. For the comments to the other classmates posting try to give suggestions for a better offer related to their story. Example: I decided to look for an electric car and I decided to see how much it will cost me if I will purchase a new 2021 Tesla Model Y. The car comes equipped for 3 ranges (standard, long, and performance) and I decided to look into the long range one. This configuration has a price of $51,490 plus 7% sale tax, which will give me a total of $55,094.30. IfI get a loan for this amount, coming with 3.9% annual interest, that I want to pay in 5 years, that means I will have to make 60 monthly payments of $1,012.16. The total amount I will pay from my pocket at the end of the 5 years will be $60,729.66, meaning that I will pay $5, 635.36 in interest. For this topic I want you to use what you leamed in Sections 5.5 and 5.6 to look at a possible action: buying a new car. Think about the car you would like to have and were can you get it (most likely a dealershipl) Research online the selling price but also the interest rates and choose one that is convenient for you (suppose you can't get 0% for that car). Find, using the formulas you learned how much would you have to pay monthly in the period the dealer offers you and how much over the selling price will you end up paying at the end of the lease. Post all those results in the discussion board together with all the other information: car mode and maker, rate, selling price, term of lease, and everything else related to your story. For the comments to the other classmates posting try to give suggestions for a better offer related to their story. Example: I decided to look for an electric car and I decided to see how much it will cost me if I will purchase a new 2021 Tesla Model Y. The car comes equipped for 3 ranges (standard, long, and performance) and I decided to look into the long range one. This configuration has a price of $51,490 plus 7% sale tax, which will give me a total of $55,094.30. IfI get a loan for this amount, coming with 3.9% annual interest, that I want to pay in 5 years, that means I will have to make 60 monthly payments of $1,012.16. The total amount I will pay from my pocket at the end of the 5 years will be $60,729.66, meaning that I will pay $5, 635.36 in interest.

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I decided to look for an electric car and I decided to see how mu... View the full answer