New Car Price
Monthly Payment
Average Retail Price
Car Insurance
Vocab
100
Jinesca purchased an F150 with a base price of $34,695. She added a navigation radio for $1,995, polished running boards for $350, a power moonroof for $995, power sliding rear window for $250, a trailer tow package for $350 and a reverse camera and sensing system for $695. Find the sticker price if the destination charge was $995.
What is 40,325.
100
what does the "r" in the monthly payment formula represent?
What is the rate per month
100
Using your chart for #4, find the trade in value of a luxury sedan with low mileage, theft recovery and power sunroof.
What is $16,050.
200
Jamiyah purchased an Audi A4 with a base price of $37,300, options totaling $4,295, and a destination charge of $975. If the dealer pays 91.5% of the base price and 87.2% of the options, what is the dealer cost?
What is $38,849.74
200
What is the principal amount of a loan if Martin took out a $15,000 installment loan that required a 20% down payment?
What is $12,000
200
Using the chart for #4, find the average retail value of a luxury sedan with all available options and low mileage.
What is $19,200.
300
Victorious purchased a brand new mustang with a base price of $33,310. He added a 6-speed auto transmission for $1,195, electronics package with navigation for $2340, a comfort package for $595, remote start for $345, and a rear video camera for $240. If the destination charge is $795, what is the total sticker price?
What is $38,820
300
Why is it important to use 4 or 5 decimal places for the rate instead of 2 or 3?
What is to be more accurate. The more decimal places you use the closer the number is to the actual value.
300
Using the chart from #5, find the average retail value of a V8 four-door palomino with a manual transmission, power mirrors, leather seats, and aluminum wheels with $70,002 miles.
What is $14,860
400
Christiana purchased a Ford Focus for $17,225 plus $5,755 in options. If the destination charge is $495 and the dealer pays 85% of the base and 91.7% of the options, what is the dealer cost?
What is $20413.59
400
Find the monthly payment, total amount repaid and finance charge for the following scenario: Alissa needs a $ 26,000 installment loan. The loan requires an 8% down payment, the APR is 3.25% and the loan is for 60 months.
What is monthly payment = $432.37 Total repaid = $25,942.20 Finance Charge = $2022.20
400
Using chart for #5: Find the average retail value of a V6 four-door palomino with a DVD player, front bucket seats, and a power sunroof with 49,874 miles.
What is $16,560.
500
Why is it important to know the dealer cost when purchasing a car?
What is to negotiate a lower price on the vehicle (the dealer does not pay the whole sticker price - they have "wiggle room" to negotiate).
500
Johnny takes out an installment loan for $1,800. The loan has an APR of 18.99%, must be paid of in 36 months, and requires a 10% down payment. Find the monthly payment, total amount repaid, and finance charge.
What is $59.35 per month; $2,136.60 total repaid; $516.60 finance charge
500
Using #5 chart: Find the average retail value of a V6 four-door Palomino without air conditioning and with 124,954 miles.
What is $12,000
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