Answer:
1) total vehicle costs, including sales tax = 16125 +3% (483.75) + 66 (delivery/set up fees) = $16,674.75
2)down payment (or full amount if paying in cash) =
if credit purchase = 730 +3% (483.75) + 66 (delivery/set up fees) = $1279.75
if Cash purchase = 16125 +3% (483.75) + 66 (delivery/set up fees) - 500 (rebate ) = $16174.75
3) monthly loan payment - $ 272
4) number of months in the term loan = 60 months
5) total of loan payments = 272* 60 = $ 16,320
The point at which it is no longer advantageous to buy in bulk is known as marginal. It is the incremental increase in a benefit to a consumer caused by the consumption of an additional unit of good.Marginal benefits normally decline as a consumer decides to consume more and more of a single good.
Have less information than used car sellers
False, The whole point of G-20 is to set policies that are effective
Answer:
The requirement of the question is as below:
How much must Alan deposit on January 1? (Round your final answer to the nearest whole dollar amount.)
What is the interest for the four years? (Round your final answer to the nearest whole dollar amount.)
Alan deposit on January 1 is $ 58,802.39
Interest for four years is $21,197.61
Explanation:
The first is asking for today's worth of the investment,which is the amount to be invested,this can be computed using the present value as shown below:
PV=FV*(1+r)^-n
PV is the present value
FV is the worth of the investment in 4 years from now which is $80,000
r is the rate of return of 8%
n is the number of years of investment which is 4 years
PV=$80,000*(1+8%)^-4
PV=$80,0008(1+0.08)^-4
PV=$80,000*(1.08)^-4
PV =$ 58,802.39
interest for four years=FV-PV
interest for four years=$80,000-$ 58,802.39
=$21,197.61
