You are buying a car for $457 monthly for 48 months. The interest rate the bank is

Fantastic news! We've Found the answer you've been seeking!

Question:

You are buying a car for $457 monthly for 48 months. The interest rate the bank is charging is 1.5%. How much would you have to pay for the car if you paid it all upfront?

Related Book For answer-question

Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

See More Books

Posted Date: Jan 20, 2021 05:08 AM

See More Questions

How much would you have to pay into an account at the end of every 6 months to accumulate $10 000 in eight years if interest is 3% compounded semi-annually?
How much would you have to deposit in an account today to have $3000 in a five- year term deposit at maturity if interest is 7.75% compounded annually?
IF YOU LIKE TO MAKE $1419 IN 2 YEARS, HOW MUCH WOULD YOU HAVE TO DEPOSIT IN AN ACCOUNT THAT PAYS SIMPLE INTEREST OF 3%?
Complete this production cost report. Fill in the shaded boxes. Beginning inventory Started during the month Total units to account for Completed and tranferred out Ending work in process Total units...
Draw the type-B OC curve for the single-sampling plan n = 100, c = 2. Discuss.
A wet cooling tower is to cool 60 kg/s of water from 40 to 26°C. Atmospheric air enters the tower at 1 atm with dry- and wet-bulb temperatures of 22 and 16°C, respectively, and leaves at...
The graph in Figure 7.18 gives the results of an ASHRAE standard performance test for a single-glazed flat-plate collector. If the transmittance for the glass is 0.90 and the absorptance of the...
Ames Automotive Company has accumulated the following data over a six-month period: Separate the indirect labor into its fixed and variable components, using the high-low method. Indirect Labor Hours...
a) Vectors a = (x 3-2) and b = (3-1 2) are 93.7 degrees apart. Solve for the highest value of x. (15 marks) b) Use Bresenham's algorithm to draw the line y = 0.5x+1 from (1,1) to (7,4). List the...
One thousand kilomoles per hour of rich gas at 70F with 25% C1, 15% C2,25% C3, 20% nC4, and 15% nC5 by moles is to be absorbed by 500 kmol/h of nC10 at 90F in an absorber operating at 4 atm....
Research is a very important activity in any society. critical discuss this statement giving specific real life example
What is the purpose of foreign exchange risk management?
____________ are words or phrases that let the audience know where you are within the presentation.
What objectives does the Bankruptcy and Insolvency Act seek to achieve?
How can services be exported?
How is a consumer debtor defined?
There are many professional groups to which an insurance professional can belong, on both the local and national level. Give some examples of these local and national level insurance professional.
Use the formula to determine the value of the indicated variable for the values given. Use a calculator when one is needed. When necessary, use the key on your calculator and round answers to the...
You are 25 years old and need to have $1,000,000 in savings before you retire at age 75. You estimate you will receive an annual return of 8% on investments. a. How much do you need to put into...
A new business client comes to your office. There are three owners of the business. The three individuals, Alan, Bob, and Carol, are thinking about forming a partnership. Alan is only investing $1...
You are looking to finance your home. The bank is offering a three-year ARM (adjustable-rate mortgage) with an introductory rate of 3.5%. It has a 3% adjustment cap per adjustment period, with an 8%...
Derive the equations of motion, using Newton's second law of motion, for each of the systems shown in Figs. 6.18. F(t) 5k 00000 mi k F3(1) F2(t) 00000 m2 m3 00000 k k X2(1) k x(1) (1)Ex FIGURE 6.18...
Derive the flexibility matrix of the system shown in Fig. 5.39. mo e(t) ellee k1 k2 lllll m x(t) FIGURE 5.39 Mass hanging from a pulley.
Derive the stiffness matrix of each of the systems shown in Figs. 6.19 using the indicated coordinates. 31 4 4 3k O 8(t) 2k M,(t) Rigid bar, mass= 2m C 2m x1(t) F(t) m T x2(t) F2(t) FIGURE 6.19 Rigid...

You are buying a car for $457 monthly for 48 months. The interest rate the bank is

Question:

Expert Answer:

The correct answer is 212... View the full answer

Personal Finance Building Your Future

Students also viewed these finance questions