Jaime has saved $200.00 to buy a new bike. The bike he wants has a regular price of $289.00, including tax. The store is having a 30% markdown sale. Can Jaime afford to buy the bike now
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Ff.51.
Jaime has saved $200.00 to buy a new bike. The bike he wants has a regular price of $289.00, including tax. The store is having a 30% markdown sale.
Can Jaime afford to buy the bike now?
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Solved in 3 steps
- 10. Tammy purchased a vehicle for $35,000 two years ago using a 5 percent, 5-year loan. She has decided that he would sell the car now, if she could get a price that would pay off the balance of her loan. What is the minimum price Tammy would need to receive for her car? 11. Give the same information in #10, when Tammy made her 24th payment what was the payment amount, interest paid and principle paid?To finance his purchase of his new car, Sean must make a 10% down payment and pay all taxes up front. If the car has a sales price of $25,000 and state sales tax rate of 7%, how much money must Sean pay for the car up front?Todd can afford to pay $380 per month for the next 5 years in order to purchase a new car. The interest rate is 6.6 percent compounded monthly. What is the most he can afford to pay for a new car today? Multiple Choice: $26,925.49 $19,101.44 $18,406.14 $20,020.71 $19,374.88
- Trae needs to buy a car, but he doesn’t have any money for a down-payment and can only afford $190 per month for this car payment. If he can finance a car at 5.50% for 4 years, how much car can he afford? N= FV= I%= P/Y= PV= C/Y= PMT= End or Begin $170.00 $220.73 $11,555.84 $8,169.77Ellen is shopping for a truck and has up to $325 to spend biweekly at a dealership in Selkirk, MB where the PST + GST is 12%. She wants to pay the truck off in 5 years. She has a down payment of $1400. The dealership will finance the truck at an interest rate of 4.95%. a. How expensive a truck can Ellen afford to buy? b. How much interest will Ellen pay over the course of the loan?Q) Maria purchases a new big screen television for $850 on her VISA card that carries a favorable interest rate of 8.9% on new charges. a)Determine how long it would take her to pay the television off if she plans on making monthly payments of: $50 $75 and $100 b)compute the total amount that the television cost her with each of the different monthly payments. C) Compute how much money she saved overall by making the $100 payment over the $50 payment. Solve all three subparts plz I upvote
- Phil can afford $240 a month for five years for a car loan. If the interest rate is 10.5 percent, how much can he afford to borrow to purchase a car? Group of answer choices $11,427.56 $10,266.67 $12,348.03 $11,165.96 $11,697.88Taibi Hafid is considering the purchase of a used car. The price, including the title and taxes, is $10,500. Taibi is able to make a $2,500 down payment. The balance, $8,000, will be borrowed from his credit union at an interest rate of 10% compounded daily. The loan should be paid in 48 equal monthly payments. Compute the monthly payment. What is the total amount of interest Taibi has to pay over the life of the loan?Q) Maria purchases a new big screen television for $850 on her VISA card that carries a favorable interest rate of 8.9% on new charges. a) Determine how long it would take her to pay the television off if she plans on making monthly payments of: $50 $75 $100 b) Compute the total amount that the television cost her with each of the different monthly payments. C) Compute how much money she saved overall by making the $100 payment over the $50 payment. Solve all three subparts early
- 6. Noboru Yonmine sees a surfboard that regularly sells for $179 on sale at 30% off. How much can Noboru save by purchasing the surfboard during the sale?John is considering purchasing a new car from Slimy's Sports Car Emporium. The car costs $25,000, and John has a down payment of $5,000. Slimy is offering John a 5-year loan with an interest rate of 5.5% / yr compounded monthly. To encourage John to make the purchase, Slimy offers to throw in free floor mats, a lifetime car wax, and "VIN number" (vehicle identification number) window etching. The monthly loan payment is $412.02. Based on the purchase price, down payment, and interest rate, what should the loan payment be?Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately. their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 15% (add-on rate). If the refrigerator at Sears costs $1,500 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 2 years, what is the monthly payment? A 576.78 B s81.25 c) s85.31 D) $93.84 E) $72.34