Question

Junior is looking into buying a new car he has $2000 for a down payment and he wants to pay $250 per month. for Ford mustang has the following equation for a special deal Y equals 275X +2500 and a dodge charger has a special deal of Y equals 250 X +1500. which deal would work better for him? explain your answer.

Answer 1

Explanation:

First, we need to calculate the cost of each car after 60 months.

For the Ford Mustang:

Y = 275X + 2500

Y = 275 * 60 + 2500

Y = 16500

For the Dodge Charger:

Y = 250X + 1500

Y = 250 * 60 + 1500

Y = 15000

Next, we can compare the total cost of each car to determine which is the better deal.

In this case, the Dodge Charger is the better deal as it costs $1500 less than the Ford Mustang over the course of 60 months.

It's important to keep in mind that these calculations are based on the assumption that Junior will only make the minimum payments of $250 per month. If he decides to make larger payments or pay off the car early, the total cost of each car will be different.

Additionally, there may be other factors, such as the reliability and maintenance costs of each car, insurance costs, fuel efficiency, and driving experience, that should also be considered before making a decision. Junior should research and weigh all these factors before making a final decision.

In conclusion, the calculation of the cost of each car after 60 months is just one aspect of the decision-making process when buying a car. Junior should consider all relevant factors and weigh the pros and cons of each option before making a final decision.