Your second financing option for the SUV is the dealership will take $500 off the original $22,510 price of the SUV and you finance the rest at 0% APR for 36 months. How much will you be financing? $ How much will your monthly payments be under this financing option? (Round to the nearest dollar.) $ How much total money will you pay for the SUV at the end of the 36 months under this financing option? $

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Your second financing option for the SUV is the dealership will take $500
off the original $22,510 price of the SUV and you finance the rest at 0%
APR for 36 months.
How much will you be financing? $
How much will your monthly payments be under this financing option?
(Round to the nearest dollar.) $
How much total money will you pay for the SUV at the end of the 36
months under this financing option? $
Transcribed Image Text:Your second financing option for the SUV is the dealership will take $500 off the original $22,510 price of the SUV and you finance the rest at 0% APR for 36 months. How much will you be financing? $ How much will your monthly payments be under this financing option? (Round to the nearest dollar.) $ How much total money will you pay for the SUV at the end of the 36 months under this financing option? $
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