The cost of a car is $15,570. you plan to make a down payment of $1,500, and a monthly payment of $388.08 for 60 months.

1. what is the amount financed?b?
2. what is the total repaid?d?
3. what is the finance charge?c?
4. what is the total cost that will be paid?a?

a. $20,285
b. $14,070
c. $21,784
d. $6,214

Problems and applications q5 four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. here is their willingness to pay for each film: willingness to pay (dollars) shen antonio dmitri jake first film 10 9 8 3 second film 8 7 6 2 third film 6 5 4 1 fourth film 4 3 2 0 fifth film 2 1 0 0 within the dorm room, the showing of a movie a public good. if it costs $12 to rent a movie, the roommates should rent movies in order to maximize the total surplus. suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally. this means that each roommate will pay $ .