A college student purchased a car priced at $10,000. She paid $1,000 down and agreed to a monthly payment of $200 per month for

Question

3 years ago

15

48 months. Including the down payment, what is the total amount of money the student will have paid for her car by the end of the 48 months?

1 answer:

Fynjy0 [20] · Answer 1 · 2022-02-17T03:43:41+03:00

5 0

Answer:

$10,600

Explanation:

The total amount that the students will pay will be the total of monthly installments plus the deposit

Deposit =$1000

total monthly installments = $200 x 48 = $9600

The total amount he will pay = $ 9600 +$1000

=$10,600