Zeb is going to buy a new Honda Saturn for 18200 After a 5 d

Zeb is going to buy a new Honda Saturn for $18200. After a 5% down-payment the dealership will offer a loan for the remaining value of the car at 6.5% APR for 4 years.

Round all answers to the nearest dollar.

(1) How much will Zeb have to have for a down-payment--------------------------?

(2) How much money is Zeb going to borrow for the car ---------------------------------?

1. Down payment (0.05)(18200) =$910

2. Amount borrowed is 18200 - 910 =$17290

Zeb is going to buy a new Honda Saturn for $18200. After a 5% down-payment the dealership will offer a loan for the remaining value of the car at 6.5% APR for 4

Zeb is going to buy a new Honda Saturn for 18200 After a 5 d

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