The cost of a car is $15,570. You plan to make a down payment of $1,500, and a monthly payment of $338.08 for 60 months. What is

Question

3 years ago

15

The cost of a car is $15,570. You plan to make a down payment of $1,500, and a monthly payment of $338.08 for 60 months. What is

the amount financed? Round your answer to the nearest dollar.
A - $20,285
B - $14,070
C - $21,784
D - $6,214

The cost of a car is $15,570. You plan to make a down payment of $1,500, and a monthly payment of $338.08 for 60 months. What is the total repaid? Round your answer to the nearest dollar.
A - $20,285
B - $14,070
C - $21,784
D - $6,214

The cost of a car is $15,570. You plan to make a down payment of $1,500, and a monthly payment of $338.08 for 60 months. What is the finance charge? Round your answer to the nearest dollar.
A - $20,285
B - $14,070
C - $21,784
D - $6,214

The cost of a car is $15,570. You plan to make a down payment of $1,500, and a monthly payment of $338.08 for 60 months. What is the total cost that will be paid? Round your answer to the nearest dollar.
A - $20,285
B - $14,070
C - $21,784
D - $6,214

Mathematics

2 answers:

Helga [31] · Answer 1 · 2021-11-02T22:03:01+03:00

Helga [31]3 years ago

4 0

Hi there
1) b
15,570−1,500
=14,070
2) a
338.08×60
=20,284.8
3)d
20,284.8−14,070
=6,214.8
4) c
338.08×60+1,500
=21,784.8

Hope it helps

Akimi4 [234] · Answer 2 · 2021-11-02T23:47:17+03:00

Answer:

Amount financed is $14070 .

Option (B) is correct .

Step-by-step explanation:

As given

The cost of a car is $15,570.

You plan to make a down payment of $1,500 and a monthly payment of $338.08 for 60 months.

Amount financed = Cost of the car - Down payment price

Putting values in the above

Amount financed = $15570 - $1500

= $ 14070

Therefore the amount financed is $14070 .

Option (B) is correct .