Social Studies, 15.04.2021 06:30 rhd112458
Excited to buy her dream car, Molly rushes into her local Jeep dealership. Molly picks out a car, sits down at the financing desk, and hears the following:
âWell, we ran your credit history. Youâve got a really thin file -- just a yearâs worth of student loan payments. The deal you saw was for âwell qualified buyers.â The best deal we can offer you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on credit history, so you donât qualify for $500. That said, youâre excited about a Jeep, and I want to see you driving one, so I can do $400 for you!â
Molly still has a $2500 down payment. How much loan does Molly need?
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Excited to buy her dream car, Molly rushes into her local Jeep dealership. Molly picks out a car, si...
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