Question: SHOW ALL THE WORK FOR EACH QUESTION PLEASE!! The monthly lease payments on a vehicle are $350 (plus taxes) for 3 years. Find the total

SHOW ALL THE WORK FOR EACH QUESTION PLEASE!!

  1. The monthly lease payments on a vehicle are $350 (plus taxes) for 3 years. Find the total amount of money spent on the lease over 3 years. (Tax GST of 5%)
  2. Using your finance table for monthly car loans. Find the monthly payment for a $9000 car loan amoritized over 4 years at 7%.
  3. A mechanic charges $75 for parts to fix a wheel as well as 0.6 hours for labour. If the shop rate was $80 per hour, find the sub total of the bill before taxes.
  4. Shayne brought a cool convertible with a base price of $36 600. He selects the following optional equipment: power package for $2200 and an exterior trim package for $1050. the feight and excise air conditioning tax is $1750. He gets a trade in allowance of 5 700 for his old car. Find the total cost of the car. (1 x 3) Remember use GST of 5%!
  5. Heather bought a 1996 Hummer for a steal, only $40 500. She managed to make a down payment of $6 000. Last week she went to the bank for a loan with terms 6% for 5 years. Using your monthly payment chart, answer the following question.

A) What is the amount of her loan? (1 x 1)

B) What will her monthly payment be? (1 x 2)

C) What will the car have cost Jessica at the end of 5 years? (1 x 2)

6.. Caron went for a trip in his black 4X4 Dodge Ram. He filled up the has tank before he left. The odometer reading was 28 750. The first stop was Virden Mb, where he filled his tank with 65.5L of fuel. The odometer reading here was 29 390. (3 x 1)

A) How many kilometers did he drive?

B) What was his fuel economy in L/100km?

C) If gas cost $1.24/L, how much did the fill up cost?

7.. Find the residual of a vehicle after 3 years if the original value of the vehicle was $33 630 and the car depreciated by 25% the first year, 20% the second and 15% the third. (1 x 3)

Year 1=

Year 2=

Year 3=

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