Michael wants to purchase a jeep. The purchase price of the Jeep is $37,000. The
dealership will allow him to pay cash or finance the Jeep with a down payment of
$5,000.00 and 60 monthly payments of $625.00. Michael chose to finance the jeep.
Answer the following questions.
a) What is the amount financed?
b) What is the total amount of monthly payments?
C} What is the amount of the finance charge?

Answers

Answer 1

Answer:

A) $32,000 B) $37,500 C) $5,500

Step-by-step explanation:

Price of jeep: $37,000

Michael uses $5,000 of his own money toward that total $37,000-$5,000= $32,000

Monthly payments $625.00×60months=$37,500

After paying $5,000 of his own money, & bringing theamount owed to $32,000. Michael still has to pay back $37,500. Making, the finance chardge $5,500. ($37,500-$32,000= $5,500)

Answer 2

Amount financed =  $32000, total amount of monthly payment = $37500 and total amount of the finance charge = $5500.

What is dealership finance ?

"Dealer financing is a type of loan that is originated by a retailer to its customers and then sold to a bank or other third-party financial institution. The bank purchases these loans at a discount and then collects principle and interest payments from the borrower. This is also called an indirect loan."

According to the question,

Given,

Price of jeep = $37000

Down payment = $5000

Total number of monthly payment = 60

Amount to be paid after down payment

= $37000 - $5000

= $32000                                                  ____( 1 )

Amount paid in Monthly payments = $625.00 × 60months

                                                          = $37500          ____( 2 )

From ( 1 ) and ( 2 ) we get,

Finance charge amount = Total monthly amount - Total amount financed

                                        = $37500 - $32000                                    

                                        = $5500

Hence, amount financed , total amount monthly payment and total amount of the finance charge is $32000 , $37500 and $5500.

Learn more about dealership finance here

https://brainly.com/question/15376662

#SPJ2


Related Questions

What fraction is larger 3/8 or 10/24?

Answers

Answer:

10/24

Step-by-step explanation:

hope this helps :)

Answer:

5/8

Step-by-step explanation:

Have a good day! :)

In this graph the y-intercept of the line is (Blank). The equation of the line is y=(Blank) x (Blank) .​

Answers

Answer:

In the graph, the y-intercept is -2. The equation of the line is [tex] y = x - 2 [/tex]

Step-by-step explanation:

The equation of the line can be written in the slope-intercept form, y = mx + b.

First we need to find:

The slope = m

the y-intercept = b

Using two points on the line, (0, -2) and (2, 0) the slope can be calculated as follows:

[tex] m = \frac{y_2 - y_1}{x_2 - x_1} = \frac{0 -(-2)}{2 - 0} = \frac{2}{2} = 1 [/tex]

The y-intercept is simply the point at which the line intercepts the y-axis. It is the value of y when x = 0.

Therefore, the y-intercept, b, = -2.

Substitute m = 1 and b = -2 into [tex] y = mx + b [/tex].

Thus, the equation if the line would be:

[tex] y = (1)(x) + (-2) [/tex]

[tex] y = x - 2 [/tex]

what is y=(-2/3)x+400 as a function?

Answers

Answer:

y= −2x/3 + 400

Step-by-step explanation:

Hope this helps :)

Answer: what the other dude said

Step-by-step explanation:

Eighteen cups are equally packed into 6 boxes. Two boxes of cups break. How many cups are unbroken?

Answers

Answer:12

Step-by-step explanation:

18/6=3 cups in each box

3*2=6 cups broke=2 boxes

18-6=12 cups are unbroken

9. The expression x(x-7)+4(x-7) is equivalent to each of the following except which choice?
(1) (x+4)(x-7)
(3) x2-28
(2) x2 – 3x – 28
(4) (x-7)(x+4)

Answers

Answer:

I the answer is number 3

x(x-7)+4(x-7)

x²-7x + 4x-28

=x²-3x-28

(x+4)(x-7)

x²-7x+4x-28

=x²-3x-28

(x-7)(x+4)

x²+4x-7x-28

=x²-3x-28

x2 – 3x – 28

the factored form is

=(x+4)(x-7)

what is the slope of an equation of the line that passes through the point (3,-5) and has a slope of 0

Answers

Answer:

y=0x-5

Step-by-step explanation:

hope this helps :3

if it did pls mark brainliest

select all equations that are equivalent to 5x+(x+6)+3x

Answers

Whoops! It looks like your question was not part of an academic assignment. Since Brainly is only intended for homework questions, we had to remove it. Please keep the question feed clear of personal questions so other users can get the help they need. Thanks! ߷

1+3 pls help me nowwwww

Answers

Your answer would be 4

Answer:

4

Step-by-step explanation:

3=1+1+1,

1+1+1+1=4 :p

A length of chain is to be constructed by placing 36 component links end to end. The length of a link produced by a production process is known to be a random variable with a mean of 2.5 cm with a standard deviation 0.2 cm. The 36 links are chosen at random from this process to produce the chain. The mean and standard deviation of the length of chain are, respectively _________.

a. 90 cm, 7.2 cm
b. 36 cm, 1.2 cm
c. 90 cm, 2.7 cm
d. 90 cm, 1.2 cm
e. 36 cm, 7.2 cm

Answers

Answer:

d. 90 cm, 1.2 cm

Step-by-step explanation:

Given that:

The sample size n = 36

For the  length of the link:

The mean [tex]\overline x[/tex] = 2.5

The standard deviation s = 0.2 cm

In a chosen 36 links, The mean and standard deviation for the length chain is as follows:

Mean = n[tex]\overline x[/tex]

Mean = 36×2.5

Mean = 90 cm

The Standard deviation = s×√n

The Standard deviation = 0.2×√36

The Standard deviation = 0.2×6

The Standard deviation = 1.2 cm

Find the height of a triangle whose
Area=64dm
Base=1.6m​

Answers

Answer:

102.4?

Step-by-step explanation:

Answer:

h=2A/b

2 (64dm)/1.6m

128dm/1.6m

=80d

7/3 to 2 1/3
HELP ASAP PLSPLS !! :)

Answers

it is equal i believe!!!!

Slope for (20,8)(9,16)?

Answers

Answer:

m=-8/11

Step-by-step explanation:

[tex]\frac{Y2-Y1}{X2-X1} =\frac{y}{x}[/tex]

[tex]\frac{16-8}{9-20} =\frac{-8}{11}[/tex]

{ vowels in the word ALGEBRA}​

Answers

Answer:

3 counting ALL VOWELS, or, 2 counting no double ups

Step-by-step explanation:

vowels - a, e, i, o, u

Calculator
2.25
What is the value of x?
D
3
Enter your answer in the box.
с
4
B
X =

Answers

3 should be it......

True of False:the following polynomial is written in standard form
2x^4-x^3+5x^2+x-7

Answers

The following polynomial is not written in standard form so it is false

Factor 15x-10x^3

PLEASE ASNWER ASAP

Answers

Answer:

[tex]\huge\boxed{\sf 5x(3-2x^2)}[/tex]

Step-by-step explanation:

[tex]\sf 15x-10x^3\\\\Greatest Common Factor = 5x\\\\So, We'll \ take \ 5x \ common\\\\= 5x ( 3-2x^2)\\\\Thus, this \ is \ the \ factorized\ form\\\\\rule[225]{225}{2}[/tex]

Hope this helped!

~AnonymousHelper1807

Which line has a slope of 0?

Answers

Answer:

y= -5

Step-by-step explanation:

Answer:

y= -5

Step-by-step explanation:

Plzz Due today!
The table below represents a linear function f(x) and the equation represents a function g(x): (See pic)


Part A: Write a sentence to compare the slope of the two functions and show the steps you used to determine the slope of f(x) and g(x).

Part B: Which function has a greater y-intercept? Justify your answer.

Answers

Answer: The table below represents a linear function f(x) and the equation represents a function g(x): x f(x) −1 -12 0 -6 1 0 g(x) g(x) = 2x + 6 Part A: Write a sentence to compare the slope of the two functions and show the steps you used to determine the slope of f(x) and g(x).

PART B: y=mx +b is slope intercept form of linear equation where m=slope and b =y intercept

slope for line for function f(x) =-5-(-1) / -1-0 =-5+1/-1=-4/-1=4  

y = 4x+b

3=4(1)+b

3=4+b

-1 =b

y=4x-1

f(x)=4x-1     slope = 4

g(x)=2x -7    slope = 2

b) y intercept for f(x) is -1

and g(x) is -7

so f(x) is having greater y intercept

Please answer this correctly without making mistakes

Answers

Answer:

First figure out how many cups are in a gallon. 16 .

Next multiply 16×3= 48

Finally you divide price per cup or 20.16/ 48.

The cost is .42 cents per cup.

I got 0.64 because you first divide 20.16 by 3 and get 6.72
Sooo the 6.72 is the price of each gallon and since there is 16 cups per gallon you divide 6.72 by 16 and your answer is 0.42

For the expression: 12 - 7k + 9 - k
What are the terms?
What are the like terms?
What are the coefficients?
What are the constants?
What is the expression simplified?​

Answers

Answer:

like terms is -7k-k and 12+8

The terms are 12,7k,9,k ( terms are separated by either a plus or minus signs)

Like terms are 12 and 9, 7k and k

The coefficients are 7 and 1 ( these are numbers that come before a variable e.g 7k, so 7 is the coefficient of k.

The constants are the numbers which are not variables like 12 and 9

21 - 8k ( add or subtract the like terms only)


Plz give brainleast if this answers helped ya :)


5
Subtract 27 from 43
14
21

Answers

Answer:

-0.4522

Step-by-step explanation:

Is [tex]\sqrt{103}[/tex] irrational or rational? What is your reasoning?

Answers

Answer: irrational

Step-by-step explanation:

[tex]\sqrt{103}[/tex] is an irrational number because it is not a perfect square. Irrational numbers keep on terminating, so the answer to the question is irrational.

Hope this helps you!

jose trabaja 4 3/4 horas el lunes, 3 1/2 horas el martes, 6 3/4 horas el miercoles, 4 1/2 horas el jueves y 6 horas viernes, y 5 horas el sabado en promedio cuantas horas diarias trabaja​

Answers

Answer:

5 horas

Step-by-step explanation:

Answer:

Step-by-step explanation:

( [tex]4\frac{3}{4}[/tex] + [tex]3\frac{1}{2}[/tex] + [tex]6\frac{3}{4}[/tex] + [tex]4\frac{1}{2}[/tex] + 6 + 5 ) ÷ 6 =

( 4 + 3 + 6 + 4 + 6 + 5 + [tex]\frac{6}{4}[/tex] + 1 ) ÷ 6 = 30.5 ÷ 6 = [tex]\frac{61}{2}[/tex] × [tex]\frac{1}{6}[/tex] = [tex]\frac{61}{12}[/tex] = [tex]5\frac{1}{12}[/tex] horas al dia

PLEASSSEEE HELPPP ASAPPPPP

Answers

Answer:

first one is 32

the second one is 53

Step-by-step explanation:

Answer:

Step-by-step explanation:

Let RS = x , then PS = x²

2x² + 2x = 84

x² + x - 42 = 0

(x + 7)(x - 6) = 0

x = 6

PQ and RS are 6

QR and SP are 36

Race to get brainliest, need help!

The sum of digits in a two-digit number is 14. If you double the reversed number and add the result to the original number, the sum would be 222. Find the original number

Answers

Answer:

Original number is 86

Step-by-step explanation:

              Original:   10x + y

Double reversed:   2(10y + x)

Constraints:

  x + y = 14                                     ===>            x = 14 - y

  2(10y + x) + 10x + y = 222          ===>           21y + 12x = 222

Substitution to find y:

  21y + 12x = 222

  21y + 12(14 - y) = 222

  21y + 168 - 12y = 222

            9y + 168 = 222

                      9y = 54

                        y = 6

Substitution to find x:

  x = 14 - y

  x = 14 - 6

  x = 8

Original:   10x + y

                 10(8) + (6)

                 80 + 6

                 86

x = Tens place
y = Ones place
x+y=14
y=14-x
2(10y+x)+(10x+y)=222
20y+2x+10x+y=222
21y+12x=222
21(14-x)+12x=222
294-21x+12x=222
-9x = -72
x = 8
y = 14-8 =6
ANSWER: 86

Solve the following​

Answers

Answer:

Q1

|a-b| = b-a when a<b

Q2

104159/33000

Step-by-step explanation:

Q1

If a<b then a-b will always be negative.  To get the absolute value, we can take -(a-b) = -a+b = b-a.

Q2

Let x = 3.12789789789...

We isolate the repeating decimal to start after the decimal, so we multiply by 100.

100x = 312.789789789...

We want to multiply by 10 for each digit that repeats (in this case 3), to get the repeating part to the left of the decimal.

100000x = 312789.789789

Subtracting the two...

x(100000-100) = 312789.789789 - 312.789789

99900x = 312477

x = 312477/99000 = 104159/33000

Please help! I need your help! If you help you get points. If you get points your smart.

Answers

D: She needs to keep going to find more digits.

21947÷205 divide and check the result​

Answers

Answer (3dp):

107.058

Step-by-step explanation:

(image is explanation)

13,84,85 are the last ones please help

Answers

Answer:

49,36,85

Step-by-step explanation:

c in step 4 comes from step 3... 49+36

a and b in step 3 come from step 2... in the same (you've got a - b and then 7 squared - 6 squared, so a is 49 and b is 36

What is 0.06% written as a decimal?

Answers

Answer:

0.0006

Step-by-step explanation:

Other Questions
Answer the question in the photo When electricity is passed through a common salt solution. Sodium hydroxide isproduced along with the liberation of the two gases X and Y. X burns with popsound whereas Y is used for disinfecting drinking water.a) Identify X and Yb) Give the chemical equation for the reaction stated abovec) State the reaction of Y with dry slaked lime, In what way did the Mexican Federal Constitution of 1824 compare to The U.S. Constitution? Noah says that to find 20% of a number he divides the number by 5. For example, 20% of 60 is 12, because 60 - 5 = 12. Complete thestatement about whether Noah's method always works.His method neverworks because multiplying by does not give the same result as dividing by 5. What three things does this passage show about Les Goodman? He feels threatened.He is brave and stands up for himself. He is respected by his neighbors. He is a logical person.He believes in aliens. What Progressive reforms at the state level gave citizens greater political power? What did the scribes use for paper? animal skins cloth canvas In this passage, what revelation do the narrator and his father have about the setting?Please HELP!!!!!!I need it fast!!! Dose the narrator of the outsider experience anxiety or fear? How do you know? (Include evidence) Simplify 56yz^2/48y^5z^2 Which type of feeding routine is afinishing diet where the animal isgiven all they want for a specifiedtime and then the food isremoved? Task 2.43 - HELP FAST Show me a simple and easy solutions to these types of tasks (brainliest is achieveable) Ask the user how many numbers for which they want to calculate the sum. Using a for loop, prompt the user to enter that many numbers, one-by-one, keeping track of the sum. At the end, after the user entered all numbers, output the sum. Note: Enter your answer and show all the steps that you please.Are the ratios 25/45 and 15/27 proportional? HHRRTSEE rearrange this A Persian prophet and religious reformer whose teachings had an impact on Christianity and IslamA. Sennacherib B. Ramses IIC. Confucius D. Zoroaster transformation:rotation,reflection or translation?90 degree clockwise,90 degrees counter clockwise 180 degrees clock wise 180 degrees or 180 counter clockwise?followed by a reflection, rotation or translation? Given the equation x^2=16, which statement below describes the solution(s)? What does it mean for a system to be in dynamic equilibrium? I dont know man help please