finance HELP!

meganmonsterr

New member
Joined
Apr 19, 2011
Messages
1
Model: Compact
Cash price: $6,500
Down payment: 20%
Number of payments: 24
Monthly payment: $234
Finance charge: __________

Model: Mid-size
Cash price: $7,590
Down payment: 15%
Number of payments: 36
Monthly payment: __________
Finance charge: $741.92

Model: Subcompact
Cash price: $5,120
Down payment: __________
Number of payments: 24
Monthly payment: $188.33
Finance charge: $520


Sid settled on a price of $9,215 for a mid-size car. The dealer allowed a $3,100 trade-in for Sid's old truck and charged a 5% sales tax. Sid paid 20% of the remainder down and financed the rest. How much did he have to finance?

Sally settled on a price of $7,123 for a mid-size car. The dealer added 5% sales tax and allowed a $1,200 trade-in for Sally's old car. Sally made no down payment. How much did she need to finance.

Raya settled on a price of $5,225 for a subcompact car. The dealer had to add 6% sales tax. Raya had no car trade in, but she wanted to make a 25% down payment. How much would she need to finance?

Raya settled on a price of $5,225 for a subcompact car. The dealer had to add 6% sales tax. Raya had no car trade in, but she wanted to make a 25% down payment. Raya then decided to repay the remainder of the car off in 36 monthly payments. Her monthly payments, which included the finance charge, were $127.50. What was the final cost of the new car?
 


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