Question

you just realized that you will probably have the financial good fortune to be able to purchase your dream car. there are how ever a couple of mathematical and financial hitches in the situation which you need to figure out before you can get to that happy place as the owner of a soon tobe very successful business you plan on making the big purchase from 5years from now you have also decided that all the best way to make the purchase is by financing it in other words you wont be paying for the whole thing all at once rather you will make a down payment and then pay off the rest gradually in eq

Answer 1

instructions :
1. using the net look up the price and make model of you dream car print off a sheet of papaer which shows the manufacturer the model the year the retail price a picture and if possible some of the financing options offered by the dealership which sells your vechile

Answer 2

presume that in order to finance the purchase of this dream vehicle you will have to put 10% down presume that the currently have $0in your company bank account using the using the future value of an annuity formula find the dollar amount monthly pasyments that you will have to make in order to have enough money for 10% down payment five years from nowe heck out a couple of bank websites to find out what the crrent interest rates are remember what ever rate you see will probably be listed as annual rate

Answer 3

3. once you have made the 10% down payment you will be able to take the car home but must continue to make monthly payments on it presume that you have to pay for the remainder of the vechile over the next five years and that the going interest rate will be 2.9% using the present vaule of an annuity formula calculate what oyur monthly payments will be . show all work

Answer 4

4 your car start to depreciate once you start to drive it use the internet to figure out what sort of yearly% depreciation you can expect on your car once you have attained this information creat a chart which shows how much you vechile will be worth at the end of each of the next five years show all calculations

Answer 5

answer please