Unit 1 Db

Latosha James Unit 1 DB Car: Mazda CX-9 Price: $35,125.00 Wells Fargo amuse Rate: 4.99% Term: 60 months R = 2.99% which 2.00 4.99% wideing 2.99% Interest = sale price x mark x time (I=prt) $35,125 x .0299=$1,050.24 x 5=$5,251.19 hail interest: $5,251.19 Total apostrophize of the loan including the interest for a five years ($35,125 x .0299) 5 + $35,125 $35,125 x .0299 = $1,050.24 x 5 = $5,251.19 + $35,125 = $40,376.19 Total cost: $40,376.19 Total cost as a linear ($35,125 x .0299) t + $35,125 ($1,050.24) t + $35,125 Monthly payments: $672.94 $40,376.19/60 months = $672.94 Interest = sale price x rate x time (I=prt) $35,125 x .0499 = $1,752.74 x 5 = $8,763.69 + $35,125 = $43,888.69 Total cost without drop-off: $43,888.69 Total savings $43,888.69 - $40,376.19 = $3,512.50 Savings numerate: $3,512.50 To purchase a 2012 Mazda CX-9 before the interest rate the total will be $35,125. When researching for different rates I open up a rate of 4.

99% from Wells Fargo with a loan marge of 60 months (5 yrs.). If I was to use the loan at this rate my total cost of the care will be $43,888.69 and the periodical payments will be $731.48 after the 2% rate reduction the price went down to $40,376.19 with the monthly payments at $672.94 with a savings of $3,512.50. Now I understand why consumers shop near for the best interest rates it makes a huge difference. References hypertext transfer protocol://www.mazdausa.com/MusaWeb/displayModelSelector.action https://www.wellsfargo.com/autoloans/ If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .