athazagoraphobia2001
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4.) Mr. Souders purchased a car priced at $9800. He paid $500 down and
agreed to a monthly payment of $250 per month for 48 months.
Including the down payment, what is the total cost of the car?
Please show your work.

Respuesta :

Answer:

The total cost of the car including the down payment  = $12,500

Step-by-step explanation:

The Original price of the car  = $9800

The amount paid for down payment  = $500

Also, the monthly payment  amount  = $250

Now, the number of months, the amount is paid  = 48 months

So, the TOTAL amount paid in 48  months

= 48 x ( Amount paid each month)   = 48 x ( $250)

= $12,000

So, the TOTAL PRICE of CAR paid  = Total amount paid in 48 months  + The amount paid for down payment

= $12,000 +  $500

= $12,500

Hence, the total cost of the car including the down payment  = $12,500

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