Homework Help: math

Posted by Andrew on Sunday, February 24, 2013 at 3:45pm.

Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,500 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) $ (b) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (Round your answer to the nearest cent.) $ (c) Use the APR approximation formula to find the APR for part (b). (Round your answer to one decimal place.)

No one has answered this question yet.

Answer this Question

Related Questions

math - Assume the car can be purchased for 0% down for 60 months (in lieu of ...
math - Assume the car can be purchased for 0% down for 60 months (in lieu of ...
math - Assume the car can be purchased for 0% down for 60 months (in lieu of ...
math - Jennifer bought a brand new sports car. The price of the car was $14,900 ...
math - jennifer bought a brand new sports car. the price of the car was $14,900 ...
math - A sports car is on sale at the local dealership.The price discounted is $...
Math - The suggested retail price of a new car is p dollars. The dealership ...
math - jennifer brought a brand new sports car.the price was 14,900,including ...
Mathematics - The suggested retail price of a new car is p dollars. The ...
Math - Car A is travelling at a constant speed of 100mph at the time it passes ...

For Further Reading

First Name:
School Subject:
Answer: