Homework answers / question archive / Assignment Course MATH 1324: Math for Business and Social Sciences Assignment Title MATHEMATICAL REASONING EXERCISE Assignment ID Kevin Pinegar Outcomes/Rubrics to be Assessed by the Assignment Assignment Description o Communication o Critical Thinking o Empirical and Quantitative Reasoning Important Submission Instructions to the Student: 1

Assignment Course MATH 1324: Math for Business and Social Sciences Assignment Title MATHEMATICAL REASONING EXERCISE Assignment ID Kevin Pinegar Outcomes/Rubrics to be Assessed by the Assignment Assignment Description o Communication o Critical Thinking o Empirical and Quantitative Reasoning Important Submission Instructions to the Student: 1

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Assignment Course MATH 1324: Math for Business and Social Sciences Assignment Title MATHEMATICAL REASONING EXERCISE Assignment ID Kevin Pinegar Outcomes/Rubrics to be Assessed by the Assignment Assignment Description o Communication o Critical Thinking o Empirical and Quantitative Reasoning Important Submission Instructions to the Student: 1. All explanations must be typed. The supporting math work must be neat and suitable for copying or scanning. The final document should be saved and submitted as a single .pdf file. 2. Give the assignment the heading GEN ED ASSESSMENT: MATH 1324. 3. Do not include your name in the assignment or in the file name. 4. Submit your assignment to your instructor via Blackboard by the deadline established by your instructor. GENERAL EDUCATION COMMON ASSIGNMENT FOR MATH 1324 Scott wants to purchase a Toyota Rav4 XLE. The model he wants is available for $26,789. Scott has saved $4,000 for a down payment, and the dealer has offered $3,500 for his trade-in. He is considering three financing options. Toyota’s financial department is offering 0% interest for three years Scott’s credit union is offering 1.98% compounded monthly for four years His bank is offering 2.97% compounded monthly for five years Your Assignment: (a) What would Scott’s monthly loan payment be for each option? (b) What total amount of interest would Scott pay for each option? (c) Describe the advantages and disadvantages of each financing option. (d) If you were Scott, which of these three financing options would you use and why? 1. All explanations must be typed. The supporting math work must be neat and suitable for copying or scanning. The final document should be saved and submitted as a single .pdf file 2. Give the assignment the heading GEN ED ASSESSMENT: MATH 1324. 3. Do not include your name in the assignment or in the file name. Signature Assignment Signature Assignment (Final Exam: Part 1) Important Submission Instructions to the Student: 1. All explanations must be typed. The supporting math work must be neat and suitable for copying or scanning. The final document should be saved and submitted as a single .pdf file. 2. Give the assignment the heading GEN ED ASSESSMENT: MATH 1324. 3. Do not include your name in the assignment or in the file name. 4. Submit your assignment to your instructor via Blackboard by the deadline established by your instructor. GENERAL EDUCATION COMMON ASSIGNMENT FOR MATH 1324 Scott wants to purchase a Toyota Rav4 XLE. The model he wants is available for $26,789. Scott has saved $4,000 for a down payment, and the dealer has offered $3,500 for his trade-in. He is considering three financing options. Toyota's financial department is offering 0% interest for three years. Scott's credit union is offering 1.98% compounded monthly for four years. His bank is offering 2.97% compounded monthly for five years Your Assignment: (a) What would Scott's monthly loan payment be for each option? (b) What total amount of interest would Scott pay for each option? (c) Describe the advantages and disadvantages of each financing option. (d) If you were Scott, which of these three financing options would you use and why?