subject
Business, 19.12.2019 03:31 animationfusion

Scott wants to purchase a toyota rav4 xle. the model he wants is available for $26,789. scott has saved $4,000 for a down payment, and the dealer has offered $3,500 for his trade-in. he is considering three financing options.

toyota’s financial department is offering 0% interest for three years

scott’s credit union is offering 1.98% compounded monthly for four years

his bank is offering 2.97% compounded monthly for five years

(a) what would scott’s monthly loan payment be for each option?

(b) what total amount of interest would scott pay for each option?

(c) describe the advantages and disadvantages of each financing option.

(d) if you were scott, which of these three financing options would you use and why?

show work for c & d

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:10
Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.
Answers: 1
question
Business, 22.06.2019 09:50
Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing
Answers: 1
question
Business, 22.06.2019 16:50
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
question
Business, 23.06.2019 00:00
In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?
Answers: 2
You know the right answer?
Scott wants to purchase a toyota rav4 xle. the model he wants is available for $26,789. scott has sa...
Questions
question
Mathematics, 27.09.2020 14:01
question
Mathematics, 27.09.2020 14:01
question
Social Studies, 27.09.2020 14:01
Questions on the website: 13722359