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13 June, 19:55

A used car is priced at $2,695. If you borrow the money for the car, your payments will be $122 a month for 30 months. How much will you save by paying cash?

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Answers (2)
  1. 13 June, 20:20
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    122 x 30 = 3660

    so you would save

    3660 - 2695 = 965 if you pay cash.
  2. 13 June, 20:20
    0
    You'll save $965 if you pay in cash.

    Given:

    Price of car = 2,695

    Monthly payments = 122

    No. of months = 30

    122 * 30 = 3,660

    3,660 - 2,695 = 965 Savings if you pay in cash.
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