Ask your own question, for FREE!
Mathematics 8 Online
OpenStudy (anonymous):

A car dealer offers you two deals on a car that costs $16,000.Please calculate the monthly payment, given these two payment options the car dealer is offering. Payment Option 1: You can finance the car for 60 months with no interest if you make a $1,000 down payment. Payment Option 2: You can finance the car for 72 months (6 years) with 2% simple annual interest and no down payment. (Hint: To calculate simple annual interest, use the formula Interest = Principal Rate Time. Add the amount of interest to the price of the car.) Which monthly payment amount is lower? Please explain how you

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
XShawtyX: Art, Short Writing Assignment: Imagining Landscapes
5 hours ago 2 Replies 0 Medals
XShawtyX: Chemistry, Help ud83dude4fud83cudffe
5 hours ago 13 Replies 1 Medal
kaelynw: tried a lil smt, the arm is off but i like the other stuff
16 hours ago 27 Replies 3 Medals
kaelynw: art igg
14 hours ago 14 Replies 2 Medals
XShawtyX: Art
3 days ago 6 Replies 0 Medals
Nina001: teach me how to draw or just tell me the basics
3 days ago 2 Replies 1 Medal
XShawtyX: We doing another drawing gimme ideas to add to this
3 days ago 9 Replies 1 Medal
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!