Question

Richard wants to purchase a Jeep. The purchase price of the Jeep is $ 42 , 000. The dealership will allow him to pay cash or finance the Jeep with a down payment of $ 4 , 000. and 72 monthly payments of $ 680. Richard chose to finance the jeep.

Answer 1

It will take him around 56 months to finish off his payment if he puts a down payment of 4,000 and pays $680 a month