Suppose that you are thinking about buying a car and have narrowed down your choices to two options. The​ new-car option: The new car costs ​$28 comma 00028,000 and can be financed with a fourfour​-year loan at 5.435.43​%. The​ used-car option: A​ three-year old model of the same car costs ​$17 comma 00017,000 and can be financed with a threethree​-year loan at 7.827.82​%. What is the difference in monthly payments between financing the new car and financing the used​ car?

You are tasked with calculating the property tax needed to fund construction and operation of a $22.5 million complex. The facility’s annual operating budget is forecast at $3.6 million, to be covered by revenues from programs offered at the facility. A 30-year general obligation bond with a rate of 5.5% will be issued to pay for the facility’s construction costs. The net assessed value of property in the municipality is $725 million. 3. For an owner of property with a total assessed value of $15,000, by how much will his/her property tax increase

Suppose that you decide to buy a car for $61,000, including taxes and license fees. You saved $13,000 for a down payment. The dealer is offering you a choice between two incentives. Incentive A is $7000 off the price of the car, followed by a four-year loan at 7.89%. Incentive B does not have a cash rebate, but provides free financing (no interest) over four years. What is the difference in monthly payments between the two offers? Which incentive is the better deal? Use PMT

if a loan's annual simple discount rate is 4.34%, how many years would it take for the debt to double?