100 points please help answer all of questions 4.02 Calculating Vehicle Purchases
Look at the following scenarios and decide if you are better off to pay cash for your new vehicle or to finance.
1. You are offered 1% financing and you are drawing 0.5% on your available money.
2. You are offered 2% financing and you are drawing 2.5% on your available money.
3. You are offered 0.5% financing and you are drawing 1% on your available money.
Look at the following scenarios and find the total cost of leasing.
4. Your payment is $375 per month for 36 months and you made a $2,500 down payment.
5. Your payment is $350 per month for 48 months and you made a $3,000 down payment.
6. Your payment is $515 per month for 24 months and you made a $3,000 down payment.
Look at the following scenarios and find the total finance charge.
7. You are financing $18,000 for 5 years with payments of $315.
8. You are financing $22,000 for 4 years with payments of $476.67.
9. You are financing $25,000 for 3 years with payments of $710.07.