Charles wants to take out a 5 year loan on a car that costs $15,000. He is trying to make a rough estimate to decide if he can a
1 answer:
Answer:
No, This is not reasonable estimate.
Step-by-step explanation:
Charles wants to take out a 5 year loan on car that cost $15000.
He make rough estimate to make payment. He can afford to pay up to $200 per month.
First we find total number of months in 5 years.
Total months = 5x12= 60 months
Total estimate to pay = =$12000
we can see cost of a car $15,000 is greater than his estimation $12,000.
Therefore, Charles estimation will not work.
No, This is not reasonable estimate.
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