Question

Chan wants to buy a used car that costs $8,500. He took out a loan for the cost of the car, and his payments are $209 per month for four years. At the end of four years how much more than the cars original price will he have paid?

Answer 1

He would have paid about $1,532 dallors for the car after 4 years than the original price he has to pay for the monthly pay for the car.