Math Models Unit 7 Lesson 8

6. How much will the monthly payment be for a new car priced at $23,865 if the current finance rate is 48 months at 3.28%?

$529.75

10. You will finance the 8% TT&L and make a 20% down payment. How much will the monthly payment be for a 3 year old used car that is priced at $9,995 if the current finance rate is 48 months at 4.36%?

$199.29

9. You will finance the 8% TT&L and make a 25% down payment. How much will the monthly payment be for a 5 year old used car that is priced at $10,995 if the current finance rate is 48 months at 4.35%?

$206.74

7. The current finance rate is 48 months at 4.36%. How much will the monthly payment be for a 3 year old used car with 45,358 miles that is priced at $9,995?

$226.47

8. You will finance the 8% TT&L and make a 30% down payment. How much will the monthly payment be for a 2 year old used car priced at $17,995 if the current finance rate is 48 months at 4.36%?

$318.03

5. The current finance rate is 36 months at 4.35%. How much will the monthly payment be for a 5 year old used car with 56,235 miles that is priced at $10,995?

$325.15

3. The current finance rate is 48 months at 4.36%. How much will the monthly payment be for a 2 year old used car that's priced at $17,995?

$407.73

4. How much will the monthly payment be for a new car priced at $14,350 if the current finance rate is 36 months at 3.16%?

$417.23

2. Choose the correct definition. lien holder :

a person, company, or bank that lends the money for the purchase of a vehicle

1. Choose the correct definition. rebate :

an amount returned after purchase or deducted from the purchase price