Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you have saved $1,500 for a down payment on a new

You have saved $1,500 for a down payment on a new car. If you have...

60.1K

Verified Solution

Question

Finance

You have saved $1,500 for a down payment on a new car. If you have your eyes set on a new $35,000 Tesla, what would you monthly payment be if you locked in a loan with monthly payments over a 90 month period and a 5.5% interest rate?

$361.85

$354.55

$455.10

$380.18

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!
Become a Member

Other questions asked by students

Q

Which of the following are ultimate decomposers? bacteria fungi millipedes Collembolans mites earthworms Only A and B. C, D, E, and F are...

Biology
Q

Among the following pairs of solvents, which layer would be on top? Or would they be...

Chemistry
Q

interview questions what steps do you follow to study a problem before making a decision? what strategic challege...

Psychology
Q

Provide at least 2 examples of a Project Schedule using Gantt Chart and PERT / CPM.

General Management
Q

Show that the set of complex numbers ?= {x+iy|x and y are real, i2=-1} is a...

Advance Math
Q

1 Draw the neoclassical labor market supply with full employment Label the equilibrium real wage...

Biology
Q

? Baden Realty Hotel received a cash for $18,000 on July 1 which represents a...

Accounting
Q

Eunice manages a Thai restaurant in a primarily Asian section of a major West Coast...

Accounting
Q

Do you agree with the following statement: Any one of the systems documentation procedures can...

Accounting
Q

Las siguientes son incorrecciones que pueden encontrarse en el saldo de caja de fin de...

Accounting
Q

A stock with a beta of 1.4 just paid a dividend of $3.25 that is...

Finance
Q

Refer to the graph of mutually exclusive projects shown above Kindly explain with reasoning the...

Finance