S Cars Just sold you a clunker (you need it to get to class on time). You financed the $4,728.48 purchase price for 24 months. They said your payment

You pay $9.51 for lunch from Chipotle most days during the work week. 1. How much do you pay for these lunches if you get Chipotle 200 times per year? 2. If you would have invested that money in your 401(k) that has a 5% APR, how much money would you have at the end of one year?

You are financing a car worth $26194.15 with tax included. Interest rates are 11.9% compounded daily. Payments are monthly and made at the end of the month. You will own the car in 5 years. You have a down payment of $1274, Calculate the finance charge (interest charged on purchase). Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 1564.23 (Hint: Take the down payment off the total worth of the car including tax; this is your PVn. Then, find the monthly payment by hand using the ordinary general annuity formuls or use the TVM salver, You will need an interest conversion if you do this question by hand or Excel because we have daily interest but monthly payments, you will need a monthly periodic interest rate. Then find the total value of ALL your monthly payments (e. g., PMT x Total Number of Monthly Payments) and add this to your down payment; subtract the purchase price including tax of the car from this figure-the difference is the interest you'll…

You currently work part-time making $1,500 per month. You have $1,000 in your bank account and drive a 2010 Honda Civic worth $5,000. You hope to pay off the loan on the car next year but still owe $1,000. You use your credit card for simple monthly expenses like groceries and gas with the intention of always paying it off before you owe any interest. Currently the card has an outstanding balance of $300. You have few items of any value (you rent your apartment which comes furnished) but you do have a laptop that you use for school. You estimate it is worth $500. You are in your last semester of college. Because you work part-time you are going to graduate with only $5,000 in student loans. Based on this information what is your Net Worth? Question 8 Answer a. $1,700 b. $800 c. $200 d. $1,200