Question 4. Based on the following data, prepare a financial comparison of buying and leasing a motor vehicle with a $24,000 cash price: Down payment (to finance vehicle), $4,000 Down payment for lease, $1,200 Monthly loan payment, $560 Monthly lease payment, $440 Length of loan, 48 months Length of lease, 48 months Value of vehicle at end of loan, $7,200 End-of-lease charges, $600 What other factors should a person consider when choosing between buying or leasing?
Answers
A purely financial perspective, leasing is slightly more affordable ($22,920) compared to buying ($23,280).
The financial aspects of buying and leasing a motor vehicle with a $24,000 cash price.
Buying:
1. Down payment: $4,000
2. Monthly loan payment: $560
3. Length of loan: 48 months
4. Value of vehicle at end of loan: $7,200
Total cost of buying: (48 x $560) + $4,000 - $7,200 = $30,480 - $7,200 = $23,280
Leasing:
1. Down payment: $1,200
2. Monthly lease payment: $440
3. Length of lease: 48 months
4. End-of-lease charges: $600
Total cost of leasing: (48 x $440) + $1,200 + $600 = $21,120 + $1,800 = $22,920
From a purely financial perspective, leasing is slightly more affordable ($22,920) compared to buying ($23,280).
However, there are other factors to consider when choosing between buying or leasing:
1. Ownership: When you buy a vehicle, you own it after the loan is paid off. With leasing, you don't own the vehicle and must return it at the end of the lease.
2. Mileage limits: Leasing usually has mileage restrictions, while owning a vehicle allows you to drive as many miles as you want.
3. Maintenance costs: Leasing a vehicle usually comes with a warranty, meaning maintenance costs might be covered. Owning a vehicle may require you to cover maintenance costs yourself.
4. Customization: When you own a vehicle, you can customize it however you like. With leasing, you're limited to the original specifications.
5. Early termination fees: Ending a lease early can result in penalties, whereas selling a vehicle you own might provide more flexibility.
For more about leasing depends:
https://brainly.com/question/30019073
#SPJ11
Related Questions
Clare works at a manufacturing company. She has been collecting data and has important conclusions that she would like to share with her coworkers. Clare should communicate this information by _____.
writing a business letter
writing a business letter
writing a research paper
writing a research paper
creating a spreadsheet
creating a spreadsheet
creating a newsletter
Answers
Clare works at a manufacturing company. She has been collecting data and has important conclusions that she would like to share with her coworkers. Clare should communicate this information by creating a spreadsheet. Option C is the answer
What is spreadsheet?A spreadsheet can be used in collecting data, analyzing and visualizing of important information.
Since Clare wants to share the information with her colleague, writing on a spreadsheet will be more easier and better to present information and trends using various visualization formats.
A research paper may take long and a letter will not be explanatory enough to communicate the information.
Therefore, Clare works at a manufacturing company. She has been collecting data and has important conclusions that she would like to share with her coworkers. Clare should communicate this information by creating a spreadsheet. Option C is the answer
Learn more on spreadsheet below
https://brainly.com/question/26919847
#SPJ1
50 points + brainly
Advancing technology has made life easier for people and businesses today. Imagine that you have to work for an entire day without being connected to the Internet. Discuss the challenges you and your business would face in such a situation.
Answers
Answer:
Probably Bad.
Explanation:
It would be very hard to do..pretty much anything without the internet. I cant search up anything that might help me with something.
The challenges may be faced
As we are appointed with using internet if we get disconnected from it we feel uncomfortable.The work we do won't get the perfection without internet.Our mind remains diverted towards internet.We will lost our concentrationamalgamated metals corporation’s stockholders are mostly individual investors, and there is relatively little institutional ownership. if several pension and mutual funds were to take large positions in amalgamated metals corporation’s stock, direct shareholder intervention would be likely to motivate the firm’s management.
Answers
A stockholder or shareholder is an institution or individual including a corporation that legally owns one or more shares of stock in a public or private corporation. Shareholders receive ownership rights based on their percentage of ownership in corporate stock.
Shareholders and stockholders are the same things. Both words describe someone who owns shares of stock in a business. For the purposes of this article, we'll use the term "shareholders.
Shareholders are individuals, companies, or trusts that own shares of a for-profit corporation. The individuals own a specific number of shares, which they each purchased at a specific price.
Learn more about shareholders here
https://brainly.com/question/25818989
#SPJ4
Focus groups should be comprised of how many people? Three to five people Six to eight people Eight to 12 people 10 to 12 people
Answers
Answer:
3-5 people
Explanation:
It's called a focus group for a reason. If there were 8-12, or 10-12 people, the others might not be able to focus. But there are people who need others to focus, so 3-5 would be a perfect number per group.
hope it helps! :3
which term, as it relates to the internet, means to act in a unthinking, unsafe, or disrespectful manner online?
Answers
Answer:
Irresponsible behavior .
Explanation:
Answer:
agreed with the other person who answered that the answer is irresponsible behavior
Explanation:
Irresponsible behavior on unsecure websites are risky.
Hope this helps! (11/30/22)
Why is it important for public corporations to comply with audits
Answers
Answer:
Explanation:
Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.
What are some of the conflict management skills?
Answers
There are following conflict management skills: communication. emotional intelligence. active listening. open discussion. Patience. fairness. Positive.
What does conflict management skills mean?Dispute management is the practice of recognizing and managing disputes in a meaningful, fair and efficient manner. The conflict management process addresses (perceived) contradictions and disagreements arising, for example, from differing opinions, goals, and needs.
What are examples of good conflict management?Establish clear guidelines so that parties understand that the purpose of the discussion is to work together toward a concrete solution. For example, if an employee is overwhelmed with her duties, ask her to create her task spreadsheet with deadline estimates.
To learn more about conflict management visit:
https://brainly.com/question/17744728
#SPJ4
deposits that add new reserves to the bank where they are deposited are called
Answers
The deposits that add new reserves to the bank where they are deposited are called "primary deposits."
Primary deposits increase a bank's reserves and can be used to create loans or meet withdrawal demands from customers.
Primary deposits refer to the initial funds deposited into a bank by customers. When individuals or businesses deposit money into their bank accounts, these deposits increase the reserves held by the bank. These reserves serve as a basis for the bank to extend loans and conduct other banking activities.
Primary deposits are an important source of funding for banks and contribute to their ability to lend money to borrowers. By attracting primary deposits, banks can increase their reserve levels, which in turn supports their lending capacity and overall financial stability.
It's worth noting that primary deposits are just one component of a bank's overall reserves. Banks also maintain other types of reserves, such as secondary reserves or excess reserves, which can include reserves held at central banks or borrowed reserves from other banks.
Learn more about excess reserves here: https://brainly.com/question/14173699
#SPJ11
Spectacle’s Spectacles, is considering purchasing a new machine which it expects to cut production costs. The company believes that it will save $8,000 per year over the next 11 years, the useful life of the machine. There will be annual cash expenses of $2,000 plus annual depreciation of $300 associated with the machine. The company will also have to perform major maintenance on the machine after 6 years. This will cost $9,000. The machine itself will cost a total of $70,000. At the end of the attraction’s useful life it can be scrapped for $700. The company only invests in projects if they have a payback period of 3 years or less or if they have a required rate of return (also known as the discount rate) of 6%. Calculate the company's net present value.
Answers
The net present value of the Spectacle's Spectacles' new machine is $51,423.21.
The net present value of the Spectacle's Spectacles' new machine can be calculated using the following steps:
1. You need to Calculate the total cash outflow:
Total cash outflow = Purchase price + (Annual cash expenses - Annual depreciation) x Number of years + Maintenance cost
Total cash outflow = $70,000 + ($2,000 - $300) x 11 + $9,000
Total cash outflow = $64,700
2. You need to Calculate the total cash inflow
:Total cash inflow = Savings x Number of years + Salvage value
Total cash inflow
= $8,000 x 11 + $700
Total cash inflow = $88,700
3. You need to Calculate the net present value
N = Cash inflow - Cash outflow/(1 + i)n Where,N = Net present value,i = Discount rate (required rate of return), Cash inflow = Total cash inflow
Cash outflow = Total cash outflown = Number of years N
= $88,700 - $64,700/(1 + 0.06)11N = $88,700 - $37,276.79N
= $51,423.21
Therefore, the net present value of the Spectacle's Spectacles' new machine is $51,423.21.
Learn more about net present value:
https://brainly.com/question/7254007
#SPJ11
How can a person become a dentist
Answers
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
brainliest please
Unit 3 critical think questions
Can someone help me?
For edmentum?pls
Answers
What are the fundamental principles of critical thinking is given below.
What is edmentum?Edmentum is a leading provider of online learning programs designed to drive student achievement for academic and career success. It provides a comprehensive suite of engaging, research-based curricula, assessments, and services to support educators, administrators, and students in both virtual and blended learning environments. Edmentum's solutions are designed to deliver personalized learning experiences that help all learners reach their full potential. Edmentum offers a variety of digital tools, including online assessments, curriculum, and personalized learning paths to enable teachers to create engaging, personalized learning experiences for their students.
2. How can we apply critical thinking to solve problems?
3. What methods can be used to evaluate issues and arguments?
4. How can we differentiate between valid and invalid reasoning?
5. What strategies can we use to develop our critical thinking skills?
6. How can we use critical thinking to make better decisions?
7. What is the importance of analyzing information objectively?
8. How can we use critical thinking to improve our communication skills?
9. What techniques can be used to analyze arguments and viewpoints?
10. How can we use critical thinking to form our own opinions and conclusions.
To know more about edmentum click-
https://brainly.com/question/28367873
#SPJ1
Fairmont company has shipped goods to willowbook recreation fob shipping point. Fairmont will recognize sales revenue when?.
Answers
Fairmont company has shipped goods to willow book recreation fob shipping point. Fairmont will recognize sales revenue when the goods leave Fairmont's shipping dock.
The notion of revenue recognition is a crucial aspect of accrual-basis accounting. Contrary to alternative cash-basis accounting, which recognizes revenue at the moment cash is received, this accounting approach recognizes revenue once it is thought to have been earned. The revenue recognition concept does not apply in cash-basis accounting.
The revenue recognition principle essentially states that revenues are recorded by businesses when the service or good is deemed supplied to the client rather than when the money is received. It can take longer and more in-depth investigation than one would think to determine what counts as a transaction.
When the products leave the seller's location and are in route to the buyer, sales revenue is recorded. As a result, it will be apparent here when the products leave Fairmount's shipping dock.
To know more about sales revenue recognition:
https://brainly.com/question/13034085
#SPJ4
According to the video, what tasks do Librarians perform? Check all that apply.
A. supervising staff
B. writing stories
C. coordinating storytelling sessions
D. speaking at public events
E. dealing with angry customers
F. classifying materials
Answers
Answer: C and F
Explanation:
Answer:
Its I believe a,c, and f
Explanation:
your welcome
Straight commission plans are plans that Group of answer choices are common among insurance and real estate agents. are useful when the organization wants salespeople to concentrate on listening to customers. provide a straight salary to employees. are uncommon among car salespeople. are used to attract risk-averse employees.
Answers
Answer:
are common among insurance and real estate
Explanation:
The straight commission plans are the plans that are given to the employee by the company in terms of the sales to be done by the employee. It is basically a straight commission that depend upon the percentage of the sales made. No extra salary or amount should be given
So this would be common in the insurance and real estate area as it deals in buying and selling of insurance and real estate properties
hence, the first option is correct
What will budgeted net income equal if 21,000 units are produced and sold? (do not round intermediate calculations.)
Answers
The budgeted net income for 21,000 units is $55,500 (option C).
To calculate the budgeted net income for 21,000 units, we need to determine the variable cost per unit and use it to calculate the contribution margin. We'll then subtract the fixed costs to find the net income.
Variable cost per unit = Total variable costs / Number of units
Variable cost per unit = (Manufacturing costs + Selling and administrative costs) / 20,000 units
Variable cost per unit = ($70,000 + $40,000) / 20,000 units
Variable cost per unit = $110,000 / 20,000 units
Variable cost per unit = $5.50 per unit
Contribution margin per unit = Sales per unit - Variable cost per unit
Contribution margin per unit = $200,000 / 20,000 units - $5.50 per unit
Contribution margin per unit = $10 - $5.50
Contribution margin per unit = $4.50 per unit
Contribution margin for 21,000 units = Contribution margin per unit * 21,000 units
Contribution margin for 21,000 units = $4.50 per unit * 21,000 units
Contribution margin for 21,000 units = $94,500
Net income = Contribution margin - Fixed costs
Net income = $94,500 - ($22,000 + $17,000)
Net income = $94,500 - $39,000
Net income = $55,500
Therefore, the budgeted net income for 21,000 units is $55,500 (option C).
To know more about budgeted net income, refer here:
https://brainly.com/question/32614453
#SPJ4
Complete Question:
Units 20,000 Units
Sales $200, 000
Less variable costs:
Manufacturing costs: $70,000
Selling and administrative costs: $40,000
Contribution margin: $90,000
Less fixed costs:
Manufacturing costs: $22,000
Selling and administrative costs: $17,000
Net income: $51,000
What will budgeted net income equal if 21,000 units are produced and sold? (Do not round intermediate calculations.)
A. $94,500
B. $53,550
C. $55 500
D. $210,000
if the minimum points of all the possible short-run average total cost curves become successively lower as quantity of output increases, then:
Answers
There exist economies of scale if the minimum points of all hypothetical short-run average total cost curves decrease progressively as output quantity grows.
The Curves workout is a good low- to moderate-intensity exercise regimen that is also time-efficient. According to Greany, "it's not that fantastic of a workout for the highly active." Curves, however, is just what folks who have been sedentary need. Gary Heavin sold the company to North Castle Partners in 2012 after resigning as CEO. Although keeping Curves North America and Oceania, North Castle Partners sold Curves International to Koshidaka Holdings (Curves Japan) in 2018. On November 22, 2018, Krishea Holloway was named the president of Curves. You may work every major muscle area by incorporating stretching, cardio exercises, and upper- and lower-body strength training activities into Curves.
Learn more about curves here
https://brainly.com/question/516635
#SPJ4
given periodic ci updates, the pm has to stay abreast of those updates as they impaact the caquisition strategy in terms of overall program risk: and cost, schedule and perofmrance. (True or False)
Answers
The given statement is True. The Program Manager has to stay aware of the periodic CI (Configuration Item) updates, as they affect the acquisition strategy regarding the program's general risk, cost, schedule, and performance.
By being up to date on the configuration item updates, the PM (Program Manager) can assess the possible risks and then modify the program's acquisition strategy according to the same. This will ensure that the program is not negatively impacted. The Program Manager should stay up to date on periodic CI updates to prevent any errors that might occur during acquisition. What is the Configuration Item (CI)? A configuration item (CI) is a part of the system that can be handled independently of the rest of the system because it is identified and monitored by configuration management. CI (Configuration Items) are the smallest things that can be managed under a configuration management program. They may range from a single document or a project plan to the whole complex system or platform. Therefore, it is essential to stay up to date on periodic Configuration Item (CI) updates. The Program Manager should be aware of CI updates, as it impacts the acquisition strategy in terms of program risk: cost, schedule, and performance.
To know more about acquisition visit :-
https://brainly.com/question/32814375
#SPJ11
which of these transactions types increase how much you owe the credit card company
Answers
Answer:
hope it is helpful to you
☆☆☆☆☆☆☆☆☆☆☆
a business and its stakeholders coming together for face-to-face conversations about issues of common concern is called stakeholder:
Answers
The term "stakeholder" refers to a business and its stakeholders meeting in person to discuss matters of mutual interest. is accurate.
According to the definition of a stakeholder of a corporation found in a 1963 internal Stanford Research Institute paper, a stakeholder is a member of "groups without whose support the organisation would cease to exist". R. Edward Freeman later developed and promoted the theory in the 1980s. Since then, it has received widespread recognition in business theory and practise, particularly in relation to corporate social responsibility, strategic management, and corporate governance. A false dichotomy between the "shareholder model" and the "stakeholders model" or an incorrect analogy of the obligations towards shareholders and other interested parties have been created by the definition of corporate responsibilities through the classification of stakeholders to take into account, according to critics.
Learn more about stakeholders from
brainly.com/question/15532995
#SPJ4
What is a reason for corporations to use debt in capital financing? To increase the debt to equity ratio To lower the cost of capital To increase the market value of equity To gain the flexibility in repayment
Answers
A key reason for corporations to use debt in capital financing is to lower the cost of capital.
This occurs because debt financing typically has a lower cost compared to equity financing, primarily due to the tax-deductible nature of interest payments on debt. By utilizing debt, corporations can reduce their overall cost of capital, which in turn can enhance shareholder value and improve the financial health of the company.
The debt to equity ratio, which measures the proportion of debt relative to equity in a company's capital structure, may also increase as a result of using debt financing. A higher debt to equity ratio can be beneficial to some extent, as it shows the company is leveraging its borrowing capacity to potentially increase returns on equity. However, it's essential for corporations to maintain a balance between debt and equity to avoid excessive risk associated with high levels of debt.
In addition to reducing the cost of capital, using debt financing can increase the market value of equity. When a company effectively utilizes debt to generate higher returns than the interest payments, it results in greater profits and increased market value of the equity shares.
Lastly, debt financing offers flexibility in repayment. Corporations can choose from various types of debt instruments with different repayment terms and interest rates, enabling them to tailor their financing structure to their specific needs and goals. This flexibility allows companies to manage their cash flow and financial obligations more effectively.
In summary, using debt in capital financing can help corporations lower their cost of capital, increase the market value of equity, manage the debt to equity ratio, and gain flexibility in repayment, ultimately enhancing the overall financial performance and shareholder value.
To learn more about debt in capital financing refer here:
https://brainly.com/question/28206401
#SPJ11
What is meant by the term target market?
Answers
Answer:
A target market is the set of consumers that a company plans to sell to or reach with marketing activities. A target audience is the group or segment within that target market that is being served advertisements.hope it helps.stay safe healthy and happy...What do insurance companies pay to compensate consumers after a loss? copayments deductibles payouts premiums
Answers
Answer:
C. payouts
Explanation:
i took the test
A fall in labor costs will cause aggregate Group of answer choices supply to decrease. demand to decrease. supply to increase. demand to increase.
Answers
A fall in labor costs will cause aggregate supply to increase, not decrease. This is because lower labor costs can lead to increased production efficiency and lower prices for consumers, which can increase overall supply in the market.
It is important to note that a decrease in labor costs may also lead to an increase in demand, as lower prices can make products more affordable and desirable to consumers. A fall in labor costs is likely to cause aggregate supply to increase, not decrease. This is because lower labor costs can result in lower production costs for businesses, which can increase their profitability and encourage them to produce more goods and services, thereby increasing the aggregate supply. Therefore, the correct answer is "supply to increase."
Read more about profitability here:https://brainly.com/question/1078746
#SPJ11
Which of the following best explains why an advertiser should use outdoor advertising?
A. Outdoor advertising offers a low cost per exposure.
B. Outdoor messages are influenced by their environment.
C. Outdoor advertising involves minimal preparation and planning.
D. The audience demographics for outdoor ads are easy to measure.
E. Many locations are readily available for outdoor advertising because of low demand.
Answers
The correct option is A. An advertiser should use outdoor advertising as it offers a low cost per exposure.
Outdoor advertising is a type of advertising that uses media or billboards to reach consumers. It includes posters on buses, subway stations, and on the sides of buildings. Outdoor advertising has many advantages including a low cost per exposure as compared to other advertising mediums. In addition, the location of outdoor advertising can be very influential. Outdoor advertising is also easier to measure and target specific demographics.
Another advantage of outdoor advertising is that many locations are readily available because of low demand. Outdoor advertising has a wide reach and is effective at attracting attention and creating brand awareness. Thus, an advertiser should use outdoor advertising to reach consumers in a cost-effective way.
To know more about Outdoor advertising visit:
https://brainly.com/question/31934408
#SPJ11
If each piece of a 10 piece puzzle had a word that represented you on it, what 10 words would we see?
Answers
Answer: brave,strong, funny, short, smart, unique, beautiful, amusing, pretty
Explanation:
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
To know more about loan here-
https://brainly.com/question/11794123
#SPJ4
relationship marketing is rather easy to implement in the b2b market but almost impossible to use in the consumer market due to the sheer size of the consumer market. group startstrue or false
Answers
False. Relationship marketing is rather easy to implement in the b2b market but almost impossible to use in the consumer market due to the sheer size of the consumer market.
What is meant by Relationship marketing?Relationship marketing is a Client Relationship Management (CRM) strategy that places an emphasis on customer pleasure, retention, and lifetime value. Its goal is to advertise to current consumers rather than acquiring new ones through advertising and sales.
Relationship marketing was created to encourage customer adherence. Relationship marketing aims to increase customer lifetime value and provide information specifically matched to their needs and interests, as opposed to customer acquisition, which concentrates on short-term
The purpose of relationship marketing is to ensure customer happiness with your company and the products or services you offer while also fostering brand loyalty, retention, and an increase in client lifetime value.
Read more on relationship marketing here:https://brainly.com/question/14545494
#SPJ1
connect academy contracts with states to provide virtual public education. at connect academy, the work groups are divided into educators, assessors, recruiters, and business operations. connect academy’s structure is best described as:
Answers
The organizational setting at at connect academy is what is called the hollow structure.
In this type of setting, the business contract is outsourced. Those that are given these functions are agencies. While the rest of the work that is to be done would be handled by the house team.
In this type of structure, other core processes are still handled internally. The processes that are not really seen as the core are what is outsourced.
Read more on https://brainly.com/question/25112183?referrer=searchResults
1) What is cost behaviour and what are the five different types of
cost behaviour?
Answers
Cost behavior refers to how costs change as the volume of activity changes. Understanding cost behavior helps management make informed decisions regarding pricing, budgeting, and cost control. There are five primary types of cost behavior: Fixed costs, variable costs, Semi-variable costs, Step costs, and Mixed costs.
The five different types of cost behavior are as follows:
1. Fixed costs - These are costs that do not change with the level of activity. Examples of fixed costs include rent, insurance, and property taxes.
2. Variable costs - These are costs that change in proportion to the level of activity. Examples of variable costs include direct materials, direct labor, and sales commissions.
3. Semi-variable costs - These are costs that have both fixed and variable components. Examples of semi-variable costs include utilities, maintenance, and shipping costs.
4. Step costs - These are costs that are fixed for a certain level of activity but then increase in steps as activity increases. Examples of step costs include hiring additional staff or purchasing new equipment.
5. Mixed costs - These are costs that have both fixed and variable components but are not easily separable. Examples of mixed costs include telecommunications expenses or advertising costs.
Learn more about Cost Behavior: https://brainly.com/question/29488952
#SPJ11
Jeffery purchased a new car by making a down payment of $3,000 and agreeing to make payments of $458 at the end of each month for five years. Interest is 1.2% compounded quarterly. Answer as follows: (Include $ and commas and two decimal places) Answer Box #1 - What is the purchase price of the car? Answer Box #2 - How much will Jefferey pay in total for financing the car? Answer Box #3 - How much interest will Jeffrey pay?
Answers
To calculate the purchase price of the car, we need to determine the present value of the monthly payments.
1. Calculate the number of periods (n) in the loan. Since Jeffery is making monthly payments for 5 years, the total number of periods is 5 years * 12 months/year = 60 months.
2. Convert the annual interest rate to a quarterly interest rate. Since there are 4 quarters in a year, divide the annual interest rate by 4:
Quarterly Interest Rate = Annual Interest Rate / 4
Quarterly Interest Rate = 1.2% / 4 = 0.3%
3. Calculate the present value (PV) of the monthly payments using the formula:
PV = Payment Amount * (1 - (1 + Quarterly Interest Rate)^(-n)) / Quarterly Interest Rate
In this case:
PV = $458 * (1 - (1 + 0.003)^(-60)) / 0.003
Evaluating this equation, we find that PV is approximately $25,606.67.
Answer Box #1: The purchase price of the car is $25,606.67.
To calculate the total amount Jeffery will pay for financing the car, we need to add the down payment to the total of the monthly payments.
Total Amount = Purchase Price + Down Payment
Total Amount = $25,606.67 + $3,000
Answer Box #2: Jeffery will pay a total of $28,606.67 for financing the car.
To calculate the interest Jeffery will pay, we subtract the purchase price from the total amount paid.
Interest = Total Amount - Purchase Price
Interest = $28,606.67 - $25,606.67
Answer Box #3: Jeffery will pay $3,000 in interest.
Please note that these calculations assume that the down payment and monthly payments are made consistently and on time throughout the entire loan period.
To know more about Purchase visit-
brainly.com/question/31198163
#SPJ11