Question: give right answer to me quickly thanks Question 10 15 pts Noel is considering buying a newer vehicle so that he can have dependable transportation






Question 10 15 pts Noel is considering buying a newer vehicle so that he can have dependable transportation for his new job following graduation. A new 2019 Honda Civic Siis priced at $25,000. One of Honda's special offers is a $500 College Graduate Bonus. Calculate the monthly payment for the following financing offers: Chint remember to adjust the I/Y for a monthly payment) (15 points) 4x 12 = 48 months 5x 12 = 60 months 6 x 12 - 72 months 3.29% APR 3.54% APR 3.79% APR PMT CPT HTML End B I VAN. IE * 2 a ax x - B 2 B 12pt - Paragraph . O words Question 11 10 pts Rebate versus low interest rate. Nick has been shopping for a new car for several weeks. He has negotiated a price of $50.800 on a 2019 Chevy Suburban that offers a choice of a $5,000 cash rebate (bank financing at 3.54% for 72 months) or dealer financing for 72 months. Advise Nick about whether he should take advantage of the cash rebate or dealer financing. Chint: remember to adjust the I/Y for a monthly payment (10 points $5,000 cash rebate 0% for 72 months Total payments ( NX PMT) Total financing costs (Total payments - PV HTML Editor BIVAA. I. E X 3 1*, O words Question 13 5 pts Saving for retirement. You plan to retire at age 67. To provide for your retirement, you initiate a payroll deduction of $1.200 per year and your employer matches with a contribution of $600 per year. You expect to earn 7.25 percent annually. What will be the value of the retirement fund after 45 years? (5 points) HTML Editor BIVAA. IEE 3. a * * ! - B o ? S . B 12pt Paragraph O words Question 12 10 pts Mortgage affordability. Dhuha and Omar have an annual income of $183,408 and want to buy a home. Currently mortage rates are 3.625 percent. They want to take out a mortgage for 30 years. Real estate taxes are estimated to be $10,058 per year for homes similar to what they would like to buy, and homeowner's insurance would be about $945 per year. Using a 28 percent front end ratio, what are the total monthly expenditures for which they would quality is points) Using a 36 percent back end ratio, what monthly mortgage payment (including taxes and Insurance could they afford given that they have an automobile loan payment of $479, a student loan payment of $280, and credit card payments of $364? (5 points) BI VAAI E #11 **, BE m. 2 V 1 1 12pt - Paragraph . O words Question 8 15 pts Invest now or later? Twins Serene and Claire are both age 22. Beginning at age 22, Serene invests $2,300 per year for ten years and then never contributes another penny. Claire waits ten years and then invests $2,300 per year for the next 35 years. Assuming they both earn 10.67 percent, how much will each twin have at age 67 years? (15 points) Serene: $2,300 per year for 10 years PV PMT FV CPT Serene: 2nd step of calculation for investment for 35 years LY PV FV from previous calculation) PMT CPT Serene: 2 step of calculation for investment for 35 years PV (FV from previous calculation) PMT Claire: delayed contribution of $2,300 year for 35 years PMT HTML Edition BIVA. IEE 1 . XEE - B P 2 . 12p - Paragraph - De 09
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