Except for the three rate and discount point combinations, all other costs of purchasing and...
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Except for the three rate and discount point combinations, all other costs of purchasing and selling are fixed and identical. (Round your answers to the nearest cent. Use this table, if necessary.) (a) What is the amount being financed? $ (b) If Darrell chooses the 4-point 9% loan, what will be his total outlay in points and payments after 24 months? $ (c) If Darrell chooses the 3-point 9.25% loan, what will be his total outlay in points and payments after 24 months? $ (d) If Darrell chooses the 2-point 9.5% loan, what will be his total outlay in points and payments after 24 months? $ (e) Of the three choices for a loan, which results in the lowest total outlay for Darrell after 24 months? the 4-point 9% loan the 3-point 9.25% loan the 2-point 9.5\% loan
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Except for the three rate and discount point combinations, all other costs of purchasing and selling are fixed and identical. (Round your answers to the nearest cent. Use this table, if necessary.) (a) What is the amount being financed? $ (b) If Darrell chooses the 4-point 9% loan, what will be his total outlay in points and payments after 24 months? $ (c) If Darrell chooses the 3-point 9.25% loan, what will be his total outlay in points and payments after 24 months? $ (d) If Darrell chooses the 2-point 9.5% loan, what will be his total outlay in points and payments after 24 months? $ (e) Of the three choices for a loan, which results in the lowest total outlay for Darrell after 24 months? the 4-point 9% loan the 3-point 9.25% loan the 2-point 9.5\% loan 