(please correct answer this finanas question) The bike you have been saving for is discounted 20% You have $500 saved to purchase it. The original, non-discounted price of the bike is $575. There is a 5.76% sales tax added to the price of the bike. After you purchase the bike with the discount and sales tax, how much money will you have left over? Round your answer to the nearest dollar

(please correct answer this finanas question) The bike you have been saving for is discounted 20% You have $500 saved to purchase it. The original, non-discounted price of the bike is $575. There is a 5.76% sales tax added to the price of the bike. After you purchase the bike with the discount and sales tax, how much money will you have left over? Round your answer to the nearest dollar

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 44P

See similar textbooks

Similar questions

You negotiate a car price to $ 25, 000 You must add sales tax to the purchase of 9.50%which gives you the total purchase price for the car at Type your answer here You trade in your old your vehicle for $5,000, and you benefit from a $900 manufacturer's rebateYour adjusted capitalized cost is
You find a $50 USD bill in one of your parent’s old coats and they let you keep it. You decide to spend it on a pair of pants that normally cost $59.99 but are on sale for 30% off. Of course, you will also have to pay 8% tax. How much change (if any) will you get from the $50 USD bill?
A recent university graduate is purchasing a new Honda Civic LX Sedan for $20,345, which includes destination and handling charges. The term of the loan is 5 years (60 months). Payments are made monthly. The interest rate is 5%. The loan is a closed end credit loan. Sales tax is 7% (Indiana) and is included in the loan. Sales tax is owed on the new vehicle price minus the trade-in value. The graduate is trading in their current vehicle, which has a trade-in value of $4,000 and is owned free and clear. The only equity in the transaction is the trade-in vehicle. There currently are no rebate offers or other incentives by Honda on Civics. Why is the interest so much more in the first month than in the last month? Group of answer choices Because in the first month interest is on the original loan amount and in the last month interest is only on the remaining balance of $328.67. Because in the first month interest is on the original loan amount and in the last month interest is only…
Suppose that you decide to buy a car for $58,000, including taxes and license fees. You saved $10,000 for a down payment. The dealer is offering you a choice between two incentives. Incentive A is $7000 off the price of the car, followed by a three-year loan at 5.53%. Incentive B does not have a cash rebate, but provides free financing (no interest) over three years. What is the difference in monthly payments between the two offers? Which incentive is the better deal? Use PMT=Prn1−1+rn−nt.
You negotiate a car price to $22,000. You must add sales tax to the purchase of 10.25% (this varies from state to statewhich gives you the total purchase price for the car at 524,255, You trade in your old vehicle for 53,000, and you benefit from a $1,000 manufacturer's rebateWhat is your adjusted capitalized cost? (round to the nearest dollar) DO NOT INCLUDE COMMAS OR
You are in the process of purchasing a new car that will cost you $25,000. The dealership is offering you either a $1,000 rebate (applied toward the purchase price) or 3.9% (APR) financing for 60 months (with payments made at the end of the month). You have been pre-approved for an auto loan through your local credit union at an interest rate of 7.5% (APR) for 60 months. 1) What is the monthly payment amount if you forgo the rebate and finance through the dealership at the lower 3.9% APR? 2) What is the monthly payment amount if you take the $1,000 rebate from the dealership and finance through your credit union? Should you take the rebate and finance through your credit union?
Suppose that you decide to buy a car for $65,000, including taxes and license fees. You saved $13,000 for a down payment. The dealer is offering you a choice between two incentives. Incentive A is $7000 off the price of the car, followed by a three-year loan at 6.37%. Incentive B does not have a cash rebate, but provides free financing (no interest) over three years. What is the difference in monthly payments between the two offers? Which incentive is the better deal?
Jessica Railes is purchasing a condo and is shopping for an HO-6 policy. Her auto insurer quoted her an annual rate of $ 450.$450. However, if she were to insure both the condo and her car with the same company, the insurer would give her a discount of 66 percent on her HO-6 policy and a discount of 88 percent on her $970970 annual auto premium. By how much will this reduce Jessica's premium? In addition to the discount, what are other advantages of purchasing both auto and homeowner's insurance with the same company? Question content area bottom Part 1 The amount by which Jessica's premium would be reduced is $104.6104.6. (Round to the nearest cent.) Part 2 In addition to the discount, what are other advantages of purchasing both auto and homeowner's insurance with the same company? "Another advantage is that if Jessica ever had a claim involving both her home and her car (e.g., a tree falling on a car at home during a wind storm), it would be…
Mark purchases a new television that is on sale for 40$ off the regular retail price if the retail price is 679, what is the final cost including a 7% sales tax? Round ya answer to the nearest cent
A regional furniture company is offering either a discount equal to twice the state sales tax or interest-free financing for 60 months. The state sales tax is 6%. What is the effective annual interest rate for financing versus the discount? Assume you are buying $1000 worth of furniture. How will you decide which option to take?
Suppose that you have decided to buy a certain car that costs $28,950, including taxes and license fees. The dealership gives you two financing options: 1) Option A: The dealership takes $800 off the price of the car. You must make a down payment of $2000 and can finance the rest at 2.99% APR for 72 months. a) How much will you be financing? b) How much will your monthly payments be under this option? (Round to the nearest dollar.) c) How much total money will you pay under this option? (Don’t forget to include your down payment.) 2) Option B: The dealership takes $1000 off the price and 0% financing for 36 months. a) How much will you be financing? b) How much will your monthly payments be under this option? (Round to the nearest dollar.) c) How much total money will you pay under this option? 3) Would you choose option A or option B? Why?
Linda Baer has already saved $4 comma 3134,313 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 44 percent compounded annually, how long will it take to buy a car that costs $6 comma 9056,905? Question content area bottom Part 1 Click on the table icon to view the FVIF table: LOADING... . Ignoring taxes and assuming her money is invested in a money market account earning 44% compounded annually, to save the money to buy a car that costs $6 comma 9056,905 will take enter your response here years. (Round to the nearest integer.)