Question

The cost of a new car is $19,000. You can finance the car by paying $1000 down and $425 per month for 48 months.

Answer 1

!) $18,000 
2) 1000 + 425(48) = $21,400 
3) 21,400 - 18,000 = $3400 
4) $23,500 
5) 2000 + 60(425) = $27,500 
6) 27,500 - 23,500 = $4000