A​ smooth-talking used-car salesman who smiles considerably is offering you a great deal on a​ "pre-owned" car. He​ says, "For only 8 annual payments of ​$2,600​, this beautiful 1998 Honda Civic can be​ yours." If you can borrow money at 7​%, what is the price of this​ car? Assume the payment is made at the end of each year. If you can borrow money at 7​%, what is the price of this​ car?   ​$nothing ​(Round to the nearest​ cent.)

You went to the car dealer to lease a car.  The car is valued at $30,000 and you can drive away without putting any money down.  The dealer offers you a 5 year lease with a $5,000 residual payment at the end if you want to buy the car.  Assuming monthly payments of $508.32, what is the implied APR?   Your answer should be close to a round number.  Use a % symbol and round to the nearest 1 decimal point.....3.0% would be the form of a correct answer.

Suppose a property you are seeking to purchase is valued at $200,000. You can take out a loan of 80 percent from the bank, which amortizes in 30 years. The current market interest rate is 7.35 percent. Suppose you can only afford a monthly payment of USD 900, but the seller is desperate to sell this property. The seller has already lowered the selling price to USD 180,000. What is the minimum amount of rebate that the seller should provide to you in order to make you purchase the property?

Congratulations! You just bought a new car. You didn't have enough cash to pay for the whole thing right now, so you decided to finance the purchase and get a car loan. You will be making payments of $436.08 at the end of every month for 4 years. The rate of interest is 5 6% compounded annually. Determine the original purchase price of the car