Question

Valerie is going to purchase a new car. The car she wants has a list price of $32,495. Valerie is planning to make a down payment of $1,877. Furthermore, she plans to trade in her current car, which is a 2006 Hyundai Sonata in good condition. She will finance the rest of the cost by making monthly payments over five years.

Answer 1

510.6$

Explanation:

Answer 2

She will pay $ 510.6 each month for 5 years to pay the price

Explanation:

list price - down payment

= $32495-$1877= $30618

5 years have 60 months so dividing it in equal installments she has to pay = $30618/60= $510.6 each month