chap3_mid1_auto_solution

chap3_mid1_auto_solution - Price of car $ 76,300.00 Down...

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Porsche 911 John Pry The description and picture of the car was taken from the Microsoft site, carpoint.msn.com . The spreadsheet calculations are mine. The calculations are based on the retail price of the model. The 911 Turbo will once again be available simultaneously as a Coupe or Cabriolet. Exterior changes are few and subtle. There are new titanium- colored louvers in the side air intakes, and LED daytime running lights replace the former "driving lights." Car information
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Unformatted text preview: Price of car $ 76,300.00 Down payment $ 6,500.00 Amount to finance $ 14,775.00 Interest rate 4% Term (years) 10 My monthly payment $ 635.83 Swiveling headlights will also be offered for the first time on the Turbo; the double-lens xenon headlights are able to pivot up to 15 degrees in the direction you are turning. At the rear, the Turbo's classic biplane spoiler is back, but there are new LED brake and direction lights and a pair of bigger tailpipes....
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