Jared has taken out a loan for his car. His monthly payments amount to $650. If his loan is for 36 months, and he paid a down payment of $400, what is the total cost of the car for Jared?

Question

anonymous · Answer

A. $15,050 B. $23,800 C. $28,300

dumbcow · Answer

do we know the int rate of the loan?

anonymous · Answer

no, thts all the question has... =/

dumbcow · Answer

hmm since its multiple choice , we can figure it out
its B. if you assume 0% interest

anonymous · Answer

ok.. thank you so much!!! =)