Question

Jane needs a new car, but Jane does not have very good credit , so she knows she is going to pay higher interest . She goes to a local , small dealership and finds a reliable car for $4500 . The dealer is very nice and says he will finance her car for only $130 a month for five years . Jane knows she can afford this small payment . How much TOTAL will Jane pay for her car ? Did Jane get a good deal, since she can afford this car payment ?​

Answer 1

5years ×12months =60

$130month × 60months=$7800

$7800-$4500= $3300 she will be paying more for the car