Finding the down payment, loan amount, and monthly payment for a loan Linda plans to buy a used car that costs \( \$ 29,000 \). The dealer requires a \( 5 \% \) down payment. The rest of the cost is financed with a 4 -year, fixed-rate amortized auto loan at \( 7 \% \) annual interest with monthly payments. complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary. If necessary, refer to the list of financial formulas. (a) Find the required down payment. \( \$ 1,450 \) (b) Find the amount of the auto loan. \( \$ 27,550 \) (c) Find the monthly payment. \( \$ 696.76 \)

Brett sells farm equipment. He earns a base salary of \( \$ 21,000 \) per year. He also earns a commission of \( 6 \% \) on all sales that he makes. This year he sells \( \$ 260,000 \) of equipment. What is his total salary, including commission? Write an expression and find the answer. Iswer:

Compute the following expression. \( 340.00(1+0.04)\left[\frac{(1+0.04)^{28}-1}{0.04}\right] \)

3. Georgeanna wants to buy a copier for the office. The copier costs \( \$ 599 \). She can pay for it all at once, ar she can make monthly payments. She makes monthly payments. She puts \( \$ 100 \) down, and pays \( \$ 25 \) a month for 24 months. Which way of paying costs more? By how much? Answer: The difference is \( \$ \)

During a sale, a shop offered a discount of \( 10 \% \) on the marked prices of all the items. What would a customer have to pay for a pair of jeans marked at ₹ 1450 and two shirts marked at ₹ 850 each?

Suppose that \( \$ 17,000 \) is invested at continuous rate \( r \) and grows to \( \$ 81,103 \) in 28 years. Find the interest rate \( r \). The interest rate is \( \% \). (Round to the nearest percent as needed.)