ReemReem ReemReem

11-02-2017
Mathematics

Answered

A used car costs $6,472. A down payment of $1,000 is required. The remaining balance is to be paid in 36 equal monthly payments. What would be the monthly payment?

$179.78

$207.56

$152

$148

Verified Answer :

lelapinpuka lelapinpuka

11-02-2017

The answer should be $152.

$6,472 - $1,000 = $5,472
Divide $5,472 by 36 and you end up with $152.

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