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Alika [10]
3 years ago
9

"Paco is considering the purchase of a used car. Paco currently has excess monthly cash flow of $490 available for vehicle payme

nt and other associated expenses. Paco estimates the following monthly expenses for the car: $60 for gas, $70 for insurance, $15 for maintenance, and $10 repairs. What is the amount Paco has remaining for the loan payment each month, based on the information given?"
Business
1 answer:
kobusy [5.1K]3 years ago
7 0

Answer:

Paco will have 335 dollars available for the car-loan

Explanation:

fromthe $490 cash flow

we should subtract the cash cost as once we obtain it through a loan we will have to handle with them as well:

 490

 - 60 gas

  - 70 insurance

   - 15 maintenance

<u>    - 10 repairs    </u>

 335  net monthly savings after the purchase of the car.

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