Michael wants to purchase a jeep. The purchase price of the Jeep is $37,000. The
dealership will allow him to pay cash or finance the Jeep with a down payment of
$5,000.00 and 60 monthly payments of $625.00. Michael chose to finance the jeep.
Answer the following questions.
a) What is the amount financed?
b) What is the total amount of monthly payments?
C} What is the amount of the finance charge?

Answers

Answer 1

Answer:

A) $32,000 B) $37,500 C) $5,500

Step-by-step explanation:

Price of jeep: $37,000

Michael uses $5,000 of his own money toward that total $37,000-$5,000= $32,000

Monthly payments $625.00×60months=$37,500

After paying $5,000 of his own money, & bringing theamount owed to $32,000. Michael still has to pay back $37,500. Making, the finance chardge $5,500. ($37,500-$32,000= $5,500)

Answer 2

Amount financed =  $32000, total amount of monthly payment = $37500 and total amount of the finance charge = $5500.

What is dealership finance ?

"Dealer financing is a type of loan that is originated by a retailer to its customers and then sold to a bank or other third-party financial institution. The bank purchases these loans at a discount and then collects principle and interest payments from the borrower. This is also called an indirect loan."

According to the question,

Given,

Price of jeep = $37000

Down payment = $5000

Total number of monthly payment = 60

Amount to be paid after down payment

= $37000 - $5000

= $32000                                                  ____( 1 )

Amount paid in Monthly payments = $625.00 × 60months

                                                          = $37500          ____( 2 )

From ( 1 ) and ( 2 ) we get,

Finance charge amount = Total monthly amount - Total amount financed

                                        = $37500 - $32000                                    

                                        = $5500

Hence, amount financed , total amount monthly payment and total amount of the finance charge is $32000 , $37500 and $5500.

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Related Questions

• The packages of henna powder cost $12 each and the squeeze
bottles cost $3 each. What is Sushmila's total cost for the supplies?

Answers

Answer:

Step-by-step explanation:

If she is just buying one henna package and one squeeze bottles the total is 12 + 3 which is 15

Answer:

27

Step-by-step explanation:

I got it right

Round to the nearest hundreds place.



There are 324 kids at the County Fair. About how many kids are there?

Answers

nearest hundred place : 300

hope this helps

Answer:

300 kids

Step-by-step explanation:

the expected values of two television sets are predicted as follows.(help a sis out)

Answers

Answer:

The graph of g(x) has a lesser y intercept

Step-by-step explanation:

Given

f(x) = 100(-x + 4)

Required

Determine the relationship between f(x) and g(x)

First, we need to get the equation of g(x).

From the question, we have that:

Initial Value = 360

Rate = -90 yearly

[It is negative because the rate shows decrement]

Hence, the equation of g(x) is:

g(x) = Initial Value + Rate * x

Where x represents number of years

g(x) = 360 + (-90 * x)

g(x) = 360 - 90x

g(x) = -90x + 360

Recall that

f(x) = 100(-x + 4)

f(x) = -100x + 400

To solve y intercept, we set x = 0.

f(0) = -100 * 0 + 400 = 0 + 400 = 400

g(0) = -90 * 0 + 360 = 0 + 360 = 360

By comparison, the graph of g(x) has a lesser y intercept

To solve x intercept, we set y = 0

For f(x)

0 = -100x + 400

100x = 400

x = 4

For g(x)

0 = -90x + 360

90x = 360

x = 4

By comparison, they have the same x intercepts.

From the list of given options, option A answers the question.

the base of a triangle is four more than twice its height. if the area of the triangle is 45 square centimeter., find its base and height​

Answers

Answer:

Step-by-step explanation:

triangle area = (length*width)/2

height(length): x

base(width): 8x

area = 45

8x^2=45

solve for x

you should solve the answer for z not m pls

Answers

Step-by-step explanation:

we can factor out z

so that'll be

z((1/m)-(1/n))=1

divide by the value in parentheses on both sides

z=1/((1/m)-(1/n))

I can't tell if there's more the problem wants you to do. I could rewrite the equation on paper more easily, but I don't have one on hand

Answer: The answer is z=1/((1/m)-(1/n). Abhlnav, I'm sorry about not finding the answer to solve for z, and that’s the reason why you told me to solve for z not m to your algebraic expression to find the answer. Are you very good at mathematics, Abhlnav?

Step-by-step explanation:

the ratio of men to women working for a company is 5 to 7. If there are 140 men working for the company, what is the total number of employees?

Answers

Answer:

196 women

Step-by-step explanation:

You can do cross multiplication

5/7=140/x

5*7=980

980=5*x

980=5x

196=x

James had 568 books to put into 9 boxes. How many books were in each box? Where there any book left that needed another box? ​

Answers

Answer:

63

Step-by-step explanation:

yes when dividing it's a round off number so that means that there's more left over

This equation was solved incorrectly.
6x – 2(4x – 6) = 16
6x + 8x – 12 = 16
14x – 12 = 16
Step 1:
Step 2:
Step 3:
Step 4:
14x = 28
x=2
Which step contains the first error? Explain the error.

Answers

what was i correct was the 2nd step since when multiplying -2x-6 it would be a positive 12 not a negative :)

How many pounds of walnuts that cost $6.50 per pound must be mixed with 7 pounds of cashews that cost $11 per pound to make a mixture of nuts that costs $8.60 per pound?
I need help with this question.

Answers

Answer:You will need to buy 1/2 a pound of cashews and 1/2 a pound of peanuts

Simplify
43 +4.5
Plzzz help!!!!!!

Answers

Answer:

47.5

Step-by-step explanation:

Answer:

answer is 84

Step-by-step explanation:

Which ordered pairs are solutions to the equation 2x+9y=11

Answers

Answer:

Step-by-step explanation:

x:1 y:1 (1,1)

x:(-8) y:3 (-8,3)

x:(-17) y:5 (-17,5)

increasing or decreasing of x values equal to y coefficient

increasing or decreasing of y values equal to x coefficient

This values goes about infinity according to this formula

The points that lie on the given line are the solution of the line.

What is an equation of a line?

The equation y = mx + c is the general equation of any straight line where m is the gradient of the line and c is the y -intercept.

Given is an equation of a line 2x+9y = 11, we need to find its solution,

Since, the line is an infinite object it carries an infinite solution too.

When we plot the graph of this line, all the points lying on it will be the solution of the line.

Let say x = 0,

2(0)+9y = 11

9y = 11

y = 11/9

Therefore, (0, 11/9) is the solution of the equation,

Let say x = 1

2(1) + 9y = 11

y = 1

Therefore, (1, 1) is the solution of the equation,

Please check the graph attached.

Hence, the points that lie on the given line are the solution of the line.

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How do you create zero pairs using algebra tiles? Add a positive unit tile to a negative unit tile. Add a positive unit tile to a positive unit tile. Add a negative x-tile to a negative x-tile. Add a negative x-tile to a positive unit tile.

Answers

Answer:

A:  Add a positive unit tile to a negative unit tile.

Step-by-step explanation:

Answer:

The answer is A

Step-by-step explanation:

HELP ME OUT PLEASEEEEEEEEEEEEEEEEE

Answers

The awnser is 5/8

hope that helps

In a survey, of the voters support a particular referendum. If 40 voters are chosen at random, find the mean and variance for the number of voters who support the referendum.

Answers

This question is incomplete, the complete question is;

In a survey, 55% of the voters support a particular referendum. If 40 voters are chosen at random,

find the mean and variance for the number of voters who support the referendum.

Answer:

a) The Mean is 22

b) Variance is 9.9

Step-by-step explanation:

Given that;

55% of the voters support a particular referendum p = 0.55

q = 1 - p = 1 - 0.55 = 0.45

sample size n = 40

a)

Mean = sample size n × p

Mean = 40 × 0.55

Mean = 22

Therefore the Mean is 22

b)

Variance = n × p × q

so we substitute

Variance = 40 × 0.55 × 0.45

Variance = 9.9

Therefore the Variance is 9.9

For this question the average height of adult women is 63.7” with a sigma of 2.9”.  The US Navy requires that fighter pilots have heights of between 62 and 78 inches.  Find the approximate percentage or women who qualify to be fighter pilots.  HINT:  Drawing a distribution curve may help.

Answers

Answer:

72%

Step-by-step explanation:

For this question the average height of adult women is 63.7” with a σ of 2.9”.  The US Navy requires that fighter pilots have heights of between 62 and 78 inches.  Find the approximate percentage or women who qualify to be fighter pilots.  HINT:  Drawing a distribution curve may help.

Find the z-scores.

z = (x − μ) / σ

z₁ = (62 − 63.7) / 2.9

z₁ = -0.586

z₂ = (78 − 63.7) / 2.9

z₂ = 4.93

Use a chart or calculator to find the probability.

P(-0.586 < Z < 4.93) = P(Z < 4.93) − P(Z < -0.586)

P(-0.586 < Z < 4.93) = 1.000 − 0.279

P(-0.586 < Z < 4.93) = 0.721

Approximately 72% of women will qualify.

If the Navy changes its height requirement to include all but the shortest and tallest 3% of the female population, what would the new height requirements for women be? HINT:  Drawing a distribution curve may help. Also, rounding is suggested.

In this case, we work in reverse.  Use a chart or calculator to find the z-score for each probability.

P(Z < z₁) = 0.03

z₁ = -1.881

P(Z > z₂) = 0.03

P(Z < z₂) = 0.97

z₂ = 1.881

Now find the heights associated with those z-scores.

z = (x − μ) / σ

-1.881 = (x₁ − 63.7) / 2.9

x₁ = 58.2

1.881 = (x₂ − 63.7) / 2.9

x₂ = 69.2

The new height requirement is between 58.2" and 69.2".

about how many 10s are there in 189?​

Answers

Answer:

About 18 or 19

Step-by-step explanation:

189 divided by 10 is 18.9 or roughly 19.

Answer: 18

Step-by-step explanation: 10,20,30,40,50,60,70,80,90,100,110,120,130,140,150,160,170,180

The sales tax rate is 4%. If Miguel buys a silver coat rack priced at $594, how much tax will he pay?

Answers

Answer:

$319,000

Step-by-step explanation:

While on vacation, Jorge and Jackie traveled to Bryce Canyon National Park in Utah. They were impressed by the different elevations at the viewpoints along the road. The graph describes the elevations for several viewpoints in terms of the time since they entered the park. The graph represents a function E(t). Part A:Describe why the graph represents a function. Part B:Identify the domain in range of the function.

Answers

Answer:

timeline

Step-by-step explanation:

the table shows the same time I don't have your phone you u you y you can get a hold of y have a lot to do it you got a

The domain and range provides a definition for a graph

Part A: The graph represents a function because a vertical line drawn from the horizontal crosses the graph only once

Part B. Domain: 0 ≤ t ≤ 30

Range: 7000 < f(t) ≤ 9,300

Reason:

Part A: The reason why the graph represents a function is that a function is a one to one relationship that maps each element of the set known as the domain to exactly one element of the set which is the range of the function

Therefore, a vertical line drawn on the graph of a function crosses the graph only once, such that one input cannot have two outputs

Which gives that the graph is a function, given that all the vertical lines from the horizontal axis crosses the graph f(t) at exactly one point

Part B

Domain:

The domain of a function are the possible input values of the function

In the graph, the possible values of the time, t are; 0 ≤ t ≤ 30

The domain of the function is 0 ≤ t ≤ 30

Range:

The range of a function are the possible output values of the function

The range of the given function f(t) are; from approximately 7,000 feet to approximately 9,000 feet, which gives;

The range of the function: 7000 < f(t) ≤ 9,300

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who's over 17 and tryna talk

Answers

Answer:

walang keef fuzzy gasification

Investors buy a studio apartment for 140,000. Of this​ amount, they have a down payment of 35,000. Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$56,000 down payment​ be?

Answers

Answer:

25%40%

Step-by-step explanation:

Cost of apartment = 140000Down payment = 35000

Down payment of 35000 is:

35000/140000*100% = 25%

Down payment of 56000 is:

56000/140000*100% = 40%

Answer:32553

Step-by-step explanation:1,400x35000x 56000/ 140000

how do you find the area of a circle with only the height

Answers

Answer:

in geometry, a circle is the curve that forms the boundary of a disc. Curves, like lines, have zero width and thus zero area.

For some reason, this very simple thing doesn’t seem to be taught much - I certainly recall my maths teachers referring to the area of a circle instead of the area of a disc!

As you haven’t mentioned the radius of the circle, let us consider a generic circle of radius r, thus we want to find the height of a triangle whose area is πr².

Step-by-step explanation:

WHY IS IT SO HARD FINDING LOVE YwY

Answers

Answer:

Step-by-step explanation:

All you have to do is to be patient and then the moment will come and... POOF!

YoUr iN LOOOVeeeeE

is this graph odd, even , or neither

Drop answers pls

Answers

Answer:

even

Step-by-step explanation:

What is the circumference ​

Answers

Answer:

In geometry, the circumference is the perimeter of a circle or ellipse. That is, the circumference would be the arc length of the circle, as if it were opened up and straightened out to a line segment. More generally, the perimeter is the curve length around any closed figure.

Step-by-step explanation:

Answer:

1. Circumference = 87.92

2.Circumference = 43.96

Step-by-step explanation:

The first problem it had a radius. So in order to find the circumference you will have to use the formula 2πr. When you plug in the 14 yd in the radius spot it will look like 2π(14) when you solve it the answer will be 87.92

The second one has a diameter so the equation you will have to use is πd. Now you will have to plug the 14 cm where the diameter is which will look like π(14) when you solve it the answer will come out as 43.96

please help asap question 1 *****

Answers

Answer:

(-6, 3)

General Formulas and Concepts:

Algebra I

Solving systems of equations by graphing

Step-by-step explanation:

Where the 2 lines intersect is the solution set for the systems of equations.

How is making a table of equivalent ratios to find the unit rate similar to finding the unit rate by calculating with fractions? Use a specific example to explain your reasoning.

Answers

Using specific examples, the unit rate can be obtained using equivalent ratio tables and fraction thus :

Table of equivalent ratios :

No of workers : ____ 2 ____ 4 ____ 6 ____ 8

Logs of wood cut: __ 4 ____ 8 ____12 ____16

To obtain the unit rate from the table :

Take the ratio of any pair of values ;

16/8 = 2 logs of wood

Hence, the unit rate is 2 logs of wood per worker.

Using the fractions :

2 worker = 4 logs of wood

1 worker = x

Cross multiply

2x = 4

x = 4/2

x = 2 logs of wood.

Hence, the unit rate is 2 logs of wood per worker.

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Which line has a slope of 0?

Answers

Answer:

y= -5

Step-by-step explanation:

Answer:

y= -5

Step-by-step explanation:

Which choice represents the expression below as a single exponential
expression?
7^3•7^6

Answers

If you are adding them together, the answer would be 7^9

If you are solving the problem, the answer would be 40,353,607

i got so much cash nothing to do with it

Answers

Answer:

buy something you'll use so often

Step-by-step explanation:

or save it for a trip to go to

4. Timothy deposited $3500 into an accountthat pays 4.3% simple interest and keeps it
there for 4 years. What is his new account balance after interest?
(8 Points)
$602
$4,102
$6,020
$9,520

Answers

$3,500(4.3%)4= $602

His new account balance after interest is $602
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