Respuesta :
Answer:
$17712
Step-by-step explanation:
I purchased a car from a dealer for $17,500.
Now, I pay a $2500 down payment and finance the balance with 5 years i.e. (5 × 12) months loan.
The monthly payments are $295.20.
Therefore, I pay $295.2 every month to finance the balance with interest.
Therefore, the amount that I finance is $(295.2 × 5 × 12) = $17712. (Answer)
Answer:
The amount which have to finance is $ 17,712
Step-by-step explanation:
Given as :
The cost of dealer = $ 17,500
The down payment for car = $ 2,500
So, The balance amount after down payment = ($ 17,500 ) - ( $ 2,500)
= $ 15,000
The loan of balance amount is finance for 5 year
So, The number of month = 5 × 12 = 60 months
∵ The monthly payment amount = $ 295.20
∴, The total payment for 60 months = $ 295.20 × 60 = $ 17,712
The interest which have to pay = $ 17,500 - $ 17,712 = $ 212
Hence , The amount which have to finance is $ 17,712 Answer
