Question #$3$

Skyler would like to buy their first car and the one they have their eye on is $$25,000,$

plus an extra $13\%$ HST for a total price of $$28,250.$ The dealership has a deal for $$0$

down payment and charges $7\mathrm{.}49\%$ interest, compounded monthly on the loan. Skyler

plans to make car loan payments weekly and has accepted the maximum loan

repayment period of $8$ years. How much will their weekly car loan payment be$?$

$*$They are paying off debt which means the FV is $$0$ since they will end up with

zero debt when it is paid off. If FV is $$0,$ that means we are working with a PV

calculation

$*$notice that the frequencies are different $$ they$$re making payments every week

but the interest is compounded monthly. Be sure to use the calculator function to

split the frequencies

$*$indeed they will have to include the HST in his loan amount since they don$$t have

any money saved to put towards any of the purchase price, tax or otherwise

DOLLAR AMOUNTS HAVE TO BE ROUNDED UP TO FULL AMOUNT, TRIED $99$ FOR FIRST QUESTION WAAS WRONG PLEASE HERLP