Lucinda wants to buy a car that is available at two dealerships. The price of...
70.2K
Verified Solution
Link Copied!
Question
Finance
Lucinda wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Luczak Motors would let her make quarterly payments of 55.800.00 for 7 years at a quarterly interest rate of 3.87 percent. Her first payment to Lucia Motors would be due immediately. If White Cars would let her make equal monthly payments of $3,000.00 m a monthly interest rate of 2.18 percent and it her first payment to White Cars would be in 1 month, then how many monthly payments would Lucinda need to make to White Cars? 22.39 (plus or minus 0.3 payments 44.52 plus or 0.3 payments 42.95 plus or minus 0.3 payments) 21.78 plus minus 0.3 payments) 2005 plus or minus 0:3 payments)
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!
