Question

Find the total amount of payments after the 36 month period. 499.50 times 36 = 17,982 (total: 22,482 for 3 years / 36 months)

A) $17,982
B) $22,482
C) $17,496
D) $23,016

Answer 1

The total amount of payments after 36 months with a monthly payment of $499.50 is $17,982, making the correct answer A) $17,982.

Step-by-step explanation:

To find the total amount of payments after 36 months if the monthly payment is $499.50, you simply multiply the monthly payment by the number of months. In this case, you would calculate 499.50 times 36, which equals $17,982. This suggests that the total payments made over the span of 3 years or 36 months would be $17,982.

The other information provided in the question seems to be part of different problems and is not necessary to solve this specific question. Option A) $17,982 is the correct answer.