Harrison has two options for buying a car. Option A is 2.1% APR financing over 60 months and Option B is 5.5% APR over 60 months with $1900 cash back, which he would use as part of the down payment. The price of the car is $38,090 and Harrison has saved $3800 for the down payment. Find the total amount Harrison will spend on the car for each option if he plans to make monthly payments. Round your answers to the nearest cent, if necessary

  or  

step-by-step explanation:

if the four friends split the cost, p, of the pizza evenly, then each friend pays one-fourth of the cost of the pizza.

the expression is   or  

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

the answer is b