Question

To buy a truck you can pay $13,000 cash or put down $4250 and make 24 monthly payments of $595.54. How much would you save by paying cash (to the nearest hundredth)?

Answer 1

Savings by paying cash is $1,289.6.

What is Multiplication?

To multiply means to add a number to itself a particular number of times. Multiplication can be viewed as a process of repeated addition.

To buy a truck cash payment = $13,000

And, Put down cash = $4250

Now, Calculate the total amount with payments;

Total amount with payment = Payment amount * Total month

                                          = $595.54 * 24

                                          = $14,289.6

And, Calculate the total amount saved by paying cash;

Savings by paying cash = Total amount with payments - Cash payment

                                    =  $14,289.6 - $13,000

                                    = $1,289.6

Hence, Savings by paying cash is $1,289.6.

Learn more about the multiplication visit:

brainly.com/question/24105484

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