1. suppose you negotiate a selling price of $29,995 for a ford explorer. you make a down payment of 10% of the selling price and finance the remaining balance for 5 years at an annual interest rate of 8.3%. the sales tax is 8.3% of the selling price, and the license fee is 0.4% of the selling price. find the monthly payment. (round your answer to the nearest cent.)
$
2. a mutual fund has $600 million worth of stock, $600,000 in cash, and $1 million in other assets. the fund's total liabilities amount to $2 million. there are 10 million shares outstanding. you invest $9,000 in this fund. how many shares are you purchasing? (round your answer down to the nearest whole number.)
shares.
3. a credit card account had a $285 balance on march 5. a purchase of $181 was made on march 12, and a payment of $100 was made on march 28. find the average daily balance if the billing date is april 5. (round your answer to the nearest cent.)
$
4. suppose a graduate student receives a non-subsidized student loan of $12,000 for each of the 4 years the student pursues a phd. if the annual interest rate is 4% and the student has a 10-year repayment program, what are the student's monthly payments on the loans after graduation? (round your answer to the nearest cent.)
$