Question

Ms. nolan finances a car by making down payment of $6,000. she then makes equal monthly payments to pay off the loan. after the first monthly payment, she has $14,100 left on the loan. after the fourth monthly payment, she has $13,200 left on the loan.

part a what is ms. nolan's monthly payment? enter the answer in the box.

part b how much will ms. nolan have paid the car after she makes all of the payments? enter the answer in the box.

Answer 1

Answer:$40

Explanation:

Answer 2

Part A: $225 is her monthly payment.

Part B: She will have paid $20,325.

Part A Explanation: 14,100 - 13,200 is 900. Then you divide 900 by 4. 4 being the months. When you divide that, You get, 225.

Part B Explanation: You have the $6000 dollar down payment, plus the $14,225 total is payments. It equals 20,325.

Hope this helps!