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- After becoming a commercial pilot, Lorna Kao decides to purchase a Cessna 182 for $64,835. Assuming the sales tax is 5.9% of the purchase price, find each of the following. (a) What is the total cost, including sales tax?$ (b) If Lorna makes a down payment of 24% of the total cost, find the down payment.$ (c) Assuming Lorna finances the remaining cost at an annual interest rate of 7.25% for 10 years, find the monthly payment.$Robin Williams has just purchased some equipment for his business. For this equipment he must pay the following amounts at the end of each of the next 5 yrs: $10,900, $7,790, $9,760, $12,190, & $11,070 If the appropriate discount rate is 7.265%, what is the cost in todays dollars of the equipment Mr. Williams purchased today? (Do not round factos values. Round final answer 2 decimal places) Present value $_____Jessica Railes is purchasing a condo and is shopping for an HO-6 policy. Her auto insurer quoted her an annual rate of $ 450.$450. However, if she were to insure both the condo and her car with the same company, the insurer would give her a discount of 66 percent on her HO-6 policy and a discount of 88 percent on her $970970 annual auto premium. By how much will this reduce Jessica's premium? In addition to the discount, what are other advantages of purchasing both auto and homeowner's insurance with the same company? Question content area bottom Part 1 The amount by which Jessica's premium would be reduced is $104.6104.6. (Round to the nearest cent.) Part 2 In addition to the discount, what are other advantages of purchasing both auto and homeowner's insurance with the same company? "Another advantage is that if Jessica ever had a claim involving both her home and her car (e.g., a tree falling on a car at home during a wind storm), it would be…
- The Bourassas decide to sell a home for $480,000. They are charged a real estate commission of 8% of the selling price, title insurance that is 1.2% of the selling price, and an escrow fee of $825. (a) What amount (in dollars) do the Bourassas receive after fees? $? (b) What percentage of the selling price was fees? Round to the nearest tenth of a percent. ? %You negotiate a car price to $22,000. You must add sales tax to the purchase of 10.25% (this varies from state to state), which gives you the total purchase price for the car at $24,255. You trade in your old vehicle for $3,000, and you benefit from a $1,000 manufacturer's rebate. What is your adjusted capitalized cost? (round to the nearest dollar) {DO NOT INCLUDE COMMAS OR $} Type your numeric answer and submitMarcus runs a business selling reclining chairs. He buys 540 chairs for $55 each (including GST) and sells for $85 each (inc GST). He is registered for GST credits. How much is he liable to remit to the ATO assuming all the chairs are sold? For all answers (unless otherwise indicated), please round your answer to the nearest dollar and use numerals only eg 9999
- Luther buys a playground slide priced at $755. Shipping and handling are an additional 5% of the price. How much shipping and handling will Luther pay? Submit DELLThe Bourassas decide to sell a home for $460,000. They are charged a real estate commission of 8% of the selling price, title insurance that is 1.2% of the selling price, and an escrow fee of $875. (a) What amount (in dollars) do the Bourassas receive after fees? (b) What percentage of the selling price was fees? Round your answer to the nearest percent.A furniture company allows customers to purchase household furnishings with an in-store loan, pay with cash or a credit card, or Rent-To-Own with a lease agreement. A customer chooses furniture worth $3,225.00 including tax and chooses to Rent-To-Own. Rent to Own Furniture Warehouse No down payment is required. The monthly lease payment is $156.99 for 2 years. Calculate the total cost to own the furniture using the Rent-To-Own option. What is the amount of the finance charge on this purchase? What simple interest percentage rate is this finance charge? Recall:
- A consumer faces the following decision. She can buy a computer for $1050 and pay $10 per month for Internet access for three years, or she can receive a $500 rebate on the computer (so that it's cost is $550) but agree to pay $25 per month for three years for Internet access. For simplication, assume that the consumer pays the access fees yearly. (i.e., $10 per month= $120 per year, at the beginning of each year). a. What should the consumer do if the interest rate is 6 percent? b. What if the interest rate is 13 percent? c. At what interest rate would the consumer be indifferent between the two options in percent?The Tomlinsons decide to sell their home for $345,000. They are charged a real estate commission of 5.5% of the selling price, title insurance that is 1% of the selling price, and an escrow fee of $800. (See Example 2 in this section.) What amount (in dollars) do the Tomlinsons receive after fees? (Enter a number.)$ What percentage of the selling price was fees? Round to the nearest tenth of a percent. (Enter a number.)7. Clinton Horvath purchases a $147.50 tool set and a tool box for $27.55. The sales tax rate is 6%. What is the sales tax on Clinton's purchases? 8. Isabel Merquez purchases eight snark plugs at $1.6 fo ns of oit at $1. 49 3.79. The sales tax rate is 7%. per o 20 and a. wwhat is the total selling price?