Question

Bass Pro has a sale on boats! Just what you have always wanted and it is $3000 cheaper than it usually

is! This is great (right?)! Today only this boat is $35,000. You can put $1000, then pay $350 a month
for 10 years! How much are you paying total for the boat?

Answer 1

To calculate the total amount paid for the boat, add the monthly payments over 10 years to the initial down payment. The total amount paid is $43,000.

Step-by-step explanation:

To find the total amount paid for the boat, we need to calculate the monthly payments over 10 years and add the initial down payment. The monthly payment is $350 for 10 years, which is a total of $350 x 12 months x 10 years = $<<350*12*10=42000>>42000. Adding the initial down payment of $1000, the total amount paid for the boat is $42000 + $1000 = $<<42000+1000=43000>>43000.