25. You are interested in buying a used car, one that is priced at $24,500....
70.2K
Verified Solution
Link Copied!
Question
Accounting
25. You are interested in buying a used car, one that is priced at $24,500. And, you know your maximum payment is $425 per month, but you refuse to fuulge that to the salesperson even though they are pestering you for your maximum payment. With 100% financing and Ignoring sales tax, if interest rates over 60 months are at 4.75% per yr. what is the maximum price you can pay for the car in orderto match your monthly payment parameter? a. $23,219 b. $15,710 c. $22.658 d. $20,869 25. You are interested in buying a used car, one that is priced at $24,500. And, you know your maximum payment is $425 per month, but you refuse to fuulge that to the salesperson even though they are pestering you for your maximum payment. With 100% financing and Ignoring sales tax, if interest rates over 60 months are at 4.75% per yr. what is the maximum price you can pay for the car in orderto match your monthly payment parameter? a. $23,219 b. $15,710 c. $22.658 d. $20,869
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!