Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
Answer:
$20.95
Step-by-step explanation:
Credit rating is fair ⇒ Secured APR = 7.00%
Loan amount = sale price + tax - down payment
new car = 19072 + (19072 x 0.045) - 1200 = 18730.24
used car = 15635 + (15635 x 0.045) - 1200 = 15138.575
Monthly interest = loan amount x 0.07 x 1/12
new car = 18730.24 x 0.07 x 1/12 = 109.26
used car = 15138.575 x 0.07 x 1/12 = 88.31
Difference = 109.26 - 88.31 = $20.95
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.