Kevin purchased a car using a 3-year car lease at 7.90% compounded quarterly that required him to make payments of $606 at the beginning of each month. Calculate the cost of the car if he made a down payment of $2,500. Round to the nearest cent
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- Jeremy purchased a car using a 4-year car lease at 5.70% compounded quarterly that required him to make payments of $267 at the beginning of each month. Calculate the cost of the car if he made a down payment of $1,000. Round to the nearest centVanessa purchased a car using a 5-year car lease at 6.30% compounded quarterly that required her to make payments of $571 at the beginning of each month. Calculate the cost of the car if she made a down payment of $1,750.Edward purchased a car using a 6-year car lease at 5.20 % compounded quarterly that required her to make payments of $338 at the beginning of each month. Calculate the cost of the car if she made a down payment of $3,750. I Round to the nearest cent
- Gabrielle secured a 3-year car loan at 5.90% compounded annually that required him to make payments of $882.53 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $2,250. Round to the nearest centCharles secured a 5-year car lease at 6.50% compounded annually that required her to make payments of $883.39 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $2,250.Henry Fuller has agreed to purchase a used automobile for $13,500. He wishes to limit his monthly payment to $350 for a period of 2 years. What down payment must he make to complete the purchase if the interest rate on the loan will be 6%?
- While buying a new car, Aaron made a down payment of $800 and agreed to make month-end payments of $250 for the next 3 years and 6 months. She was charged an interest rate of 2% compounded semi-annually for the entire term. a. What was the purchase price of the car? $0.00 Round to the nearest cent b. What was the total amount of interest paid over the term? $0.00 Round to the nearest cent SAVE PRWhile buying a new car, Austin made a down payment of $1,000.00 and agreed to make month-end payments of $270.00 for the next 3 years and 4 months. If she was charged an interest rate of 5.00% compounded quarterly for the entire term, answer the following, rounding to the nearest cent. 1. What was the cost of the car when Austin purchased it? Round to the nearest cent 2. What was the total amount of interest paid over the term? Round to the nearest centJeffrey secured a 3-year car lease at 5.60% compounded annually that required her to make payments of $881.30 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $2,000. $0.00 Round to the nearest cent
- Casey secured a 5-year car loan at 6.20% compounded annually that required him to make payments of $884.96 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $3,250. Round to the nearest centWhile buying a new car, Alexis made a down payment of $1,200 and agreed to make month-end payments of $280 for the next 4 years and 6 months. She was charged an interest rate of 4% compounded semi-annually for the entire term. a. What was the purchase price of the car? $0.00 Round to the nearest cent b. What was the total amount of interest paid over the term? $0.00 Round to the nearest centWhile buying a new car, Thomas made a down payment of $1,000.00 and agreed to make month-end payments of $350.00 for the next 4 years and 7 months. If she was charged an interest rate of 3.00% compounded quarterly for the entire term, answer the following, rounding to the nearest cent. a. What was the cost of the car when Thomas purchased it? Round to the nearest cent b. What was the total amount of interest paid over the term?