Answer: 24,000 / 6,200 = x years
Explanation:
The car is valued at $24,000.
Yearly payments are $6,200.
The year that it will be paid off can be dtermined by calculating how long it would take $6,200 to get to $24,000.
You can do that by dividing $24,000 by $6,200.
Assume the number of years for the car to be paid off is x:
24,000 / 6,200 = x years
When solved:
= 24,000 / 6,200
= 3.87 years