Question

If a person makes a down payment of 2,160 for a car that cost 16,560 for 48 months what would the monthly payments be?

Answer 1

16560-2160=14400
14400/48=300

300 a month

Answer 2

Monthly Payments = 300

Explanation:

First you must subtract 1,160 from 16,560 to get 14,400

Then divide that by 48 to get 300

16,560-2,160=14,400

14,400/48=300