Question

Greg wants to buy a new mini-van for his family. It costs $28,980 but the dealership is asking him to make a 16% down payment before he can purchase it. How much does

the need to pay down?

Answer 1

He needs to pay down $4,636.90

Answer 2

Explanation:

16% of $28,980 = 0.16×$28,980 = $4,636.80