To buy a truck you can pay $12,500 cash or put down $3500 and make 24 monthly payments of $687.28. How much would you save by paying cash (to the nearest hundredth) ?

Question

Ruth Archer

Mathematics

15 August, 09:29

To buy a truck you can pay $12,500 cash or put down $3500 and make 24 monthly payments of $687.28. How much would you save by paying cash (to the nearest hundredth) ?

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Answers (1)

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Fido · Answer 1

You will be paying an extra $7,494.72 for the other option. NOT CASH

Step-by-step explanation:

Cash: $12,500

Other way:

3500 + 24 (687.28)

3500 + 16494.72

$19,994.72

See the difference:

19,994.72 - 12,500

$7,494.72

You will be paying an extra $7,494.72 for the other option. NOT CASH