What is the maximum price you can pay for the car

Reference no: EM13282317

You want to buy a new car, but you can make an initial payment of only $2,000 and can afford monthly payment of at most $500.

a)If the APR on auto loans is 5% and you finance the purchase over 48 months, what is the maximum price you can pay for the car?

b) How much can you afford if you finance the purchase over 60 months?

Reference no: EM13282317

Questions Cloud

Calculate and interpret the profit variance : Calculate and interpret the profit variance and calculate and interpret the revenue variance - How are the variances calculated above related?

Where the new system is linear without any approximations : where x is a state variable and r is an input variable. Perform a change of variables in r, i.e., r (t) --> u (t),where the new system is linear without any approximations (hint: assume x (t) ismeasurable)

What effect would the sale of one more unit have : The depreciation is $59,000 a year and the tax rate is 35 percent. What effect would the sale of one more unit have on the operating cash flow?

Compute the direction of the second displacement : a man pushing a mop across a floor causes it to undergo two displacements. compute the direction of the second displacement

What is the maximum price you can pay for the car : You want to buy a new car, but you can make an initial payment of only $2,000 and can afford monthly payment of at most $500.

Write a logic expression for g by supposing a and b : Suppose A and B are 3-bit signed-magnitude numbers and A =(A2, A1, A0) and B = (B2, B1, B0). a) Write a logic expression for G, which is true when and only when A > B. b) Write a logic expression for GE, which is true when and only when A ≥ B.

What is the break-even cost per kilowatt-hour : You require a return of 11 percent and use a light fixture 500 hours per year. What is the break-even cost per kilowatt-hour?

Find the velocity of the truck relative to the car : A car is driving directly north on the freeway at a speed of 117 km/h and a truck is leaving the freeway driving 76 km/h in a direction that is 40° west of north

What is his average velocity for the entire trip : To get to a concert in time, a harpsichordist has to drive 120 miles in 2.09 hours. What is his average velocity for the entire trip

User Account

All Pages