Question: Please keep solving brief/simple 5. The couple decides to buy a new vehicle. The graph shows the value of a vehicle over time. (Rubric 1)

Please keep solving brief/simple


5. The couple decides to buy a new vehicle. The graph shows the value of a vehicle over time. (Rubric 1) $35,000.00 $30,000.00 $25,000.00 $20,000.00 Value $15,000.00 $10,000.00 $5,000.00 $0.00 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Age of Car in Years a. Describe the relationship between time and the value of the vehicle. b. What are suitable units for the rate of change? c. Determine the rate of change between x = 0 and x = 5. Remember to include units. d. Determine the percent decrease of the value of the vehicle over the first six years.6. The couple will be nancing the new vehicle. The dealership offers a loan with the term of 5 years at 3.99% per year compounded monthly. a. Determine the monthly payment for the fiveyear term and calculate the total interest paid on the loan. Use the annuity formulas and calculate the monthly car payment by hand. (Rubric 1} 3. Determine the payments if they choose to make weekly payments and calculate the total interest paid on the loan. Use the TVM online solver located at htt s:waw.geogebraorgfleKxXcZ and include the following information with your so ution. {Rubric l} TVM Solver 5 N =[:1 ".242: Pu PMT F'V P/Y crv E] \"E\" c. How much will the couple same if they choose weekly car payments? (Rubric 1) c. Explain why changing the payments frequency reduced the total interest paid on the loan. Justify you answer. (Rubric 2)
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