(Secured)
Excellent 4.80

(Unsecured)
Excellent 5.25

9. You (or your parents) purchased a used car for $15,867.00 plus 5.25% sales tax. The down payment is 10% of the total cost and you (or your parents) have an excellent credit rating. What is your principal balance at the start of the loan?
$

Question

(Secured)        
Excellent  4.80

(Unsecured)
Excellent 5.25    

9. You (or your parents) purchased a used car for $15,867.00 plus 5.25% sales tax.  The down payment is 10% of the total cost and you (or your parents) have an excellent credit rating. What is your principal balance at the start of the loan? 
$

anonymous · Answer

(Secured)
Fair 7.00

(Unsecured)
Fair 7.65

10. You (or your parents) are debating about whether to buy a new car for $19,072.00 or a used car $15,635.00. Sales tax is 4.5%. You (or your parents) plan to make a down payment of $1.200.00 and your credit rating is fair. What is the difference in interest accrued by the end of the first month?
$