Ill give a tip
explain the steps
use this table as a reference for your in...
Mathematics, 05.12.2019 08:31 Boayerik
Ill give a tip
explain the steps
use this table as a reference for your interest rate percentages.
secured unsecured
credit apr (%) apr (%)
excellent 4.80 5.25
good 5.15 5.65
average 5.85 6.20
fair 7.00 7.65
poor 8.20 9.15
8. you (or your parents) purchase a new car for $19,725.00 plus 4.75% sales tax. the down
payment is $2,175.00 and you (or your parents) have an average credit rating. how much
interest is accrued after the first month?
(2 points)
9. you (or your parents) purchase a used car for $15,867.00 plus 5.25% sales tax. the down
payment is 10% of the total cost and you (or your parents) have an excellent credit rating.
what is your principal balance at the start of the loan?
(2 points)
10. you (or your parents) are debating about whether to buy a new car for $19,072.00 or a used car
for $15,635.00. sales tax is 4.5%. you (or your parents) plan to make a down payment of
$1,200.00 and your credit rating is fair. what is the difference in interest accrued by the end of
the first month?
(
Answers: 2
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