Use a calculator for this exercise. Suppose you purchase a car for a total price of $38,535, including taxes and license fee, and finance that amount for 5 years at an annual interest rate of 6%. (Round your answers to the nearest cent.) (a) Find the monthly payment. $ 192.68 (b) What is the total amount of interest paid over the term of the loan

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?