Question

Jared has talked out a loan for his car. His monthly payments amount to. $650. If his loan is for 36 months and he paid a down payment of $400 what is the total cost of the car for Jared?

Answer 1

First, we need to do is multiply 650 by 36

650 x 36 = 23,400

Now, we subtract 400 because of the down payment

23,400 - 400 = 23,000

Therefore, the total cost of the car is $23,400 and with the down payment, it’s now $23,000

Hope this helps

-AaronWiseIsBae