Question

Jordan wants to buy a used car that is $14,500. he decided to make a 5% down payment on the car and finance the balance. How much will Jordan be financing for this car?

Answer 1

It appears he’s never fully paid for the car but only 5 percent of it, and five percent of $14500.00 is $725.00, so since it wants to know how much will Jordan be financing for this car it would be $725.00
But to know the remaining amount he needs to pay to fully buy the car it’s $13,775.00000000000000000000