Question

a used car can be purchased for 4,000 cash or credit . if a credit plan is used the payments are 100$ per month for 4 years. how much money is saved by paying cash?

Answer 1

Via monthly payments:  ($100/mo)*(48 monts) = $4800, as opposed to $4000 cash.  That's a difference of $800!  Pay cash if y ou can.