Use the following to answer questions $25-27$

You want a new car. At the dealership, you find a car that you like. The dealership gives you two payment options:

Pay $$23,000$ in cash for the car today...OR

Pay $$370\mathrm{.}41$ every month $($at the end of each month$)$ for six years at $5\%.$

How much CASH $($in total$)$ will you end up paying if you choose to make monthly payments

tor the car?

low much interest $($in total$)$ will you pay if you choose to make payments instead of paying

cash for the car today?

$

How much interest has accrued by the time the first car payment is due $($round to two decimal

Use the following to answer questions $28-33$

The company reports the following income statement results: