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Answer:
The over payment amount after 36 months is $ 0.37
Step-by-step explanation:
Given as :
The cost of the Car = $ 26,555
The number of times payment done for 36 month = 36
So, The the cost of car for 36 equal payment =
i.e The the cost of car for 36 equal payment =
∴ The the cost of car for 36 equal payment = $ 737.6389
Now rounding this value to nearest whole dollar = $ 738
Note - A) If after decimal , number are above 4 then round it to 1 above digit
B) If after decimal , number 4 or less then simply remove all number after decimal
So, The over payment after 36 months = $ 738 - $ 737.63 = $ 0.37
Hence The over payment amount after 36 months is $ 0.37 Answer