HELP PLEASE. like 20 points. I'm really stuck.
1. Choose a new car to buy. It can be a
realistic purchase or your dream car. Figure out the costs of buying this car
by filling in the blanks below. You can pay a 10 percent down payment, and your
credit history is good enough to get a five-year loan with an interest rate of
5 percent.
Make/Model:
Manufacturers suggested retail price
(MSRP):
Cost
of options (if applicable):
Sales tax of 9 percent (the MSRP, plus
any options, multiplied by 0.09):
Total cost (the MSRP, options costs,
and sales tax added together):
10
percent down payment (total cost multiplied by 0.1):
Amount needed to borrow (total cost
minus the down payment):
Estimated total interest paid (amount
borrowed multiplied by 0.05, or 5 percent, per year for five years):
Actual
cost of the car (total cost plus the total interest paid):