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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?
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2 votes
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?

User Gugussee
by
2.9k points

2 Answers

2 votes
He needs to pay down $4,636.90
User Chris Hagan
by
3.0k points
13 votes

Answer:

Explanation:

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

User Zgirod
by
3.4k points
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