Business, 15.04.2021 23:40 genyjoannerubiera
Lindsay needs to purchase a car. The car she is planning on purchasing costs $7000
and she has $500 that she will be using as a down payment. She is offered credit
terms of 3% APR for a term of 2 years. Please calculate the following:
1. To purchase the car, what is the amount that Lindsay will need to finance?
2. In one year, how much interest will Lindsay pay on the loan?
3. In two years, in order for Lindsay to finally OWN the car, what will the actual cost of the car be in dollars? (down payment+amount financed+2 years interest=actual cost of car)
Answers: 3
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You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.
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Lindsay needs to purchase a car. The car she is planning on purchasing costs $7000
and she has $500...
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