Problem # 7 Buying a new car By (Names erased) OVERVIEW Car Problem Set Up Total Price of Car In Class Problem Set up Solution CAR PROBLEM
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Bill purchased a new car that was selling for a price of $19,200. He paid $4,800 as a down payment and obtained a 36-month car loan to finance the remainder of the selling price. If his monthly payments were $451, what is the total amount, including the down payment, that Bill will pay for the car?
Tyler purchased a new four wheeler that was selling for a price of $5,000. He paid $1,000 as a down payment and obtained a 24-month loan to finance the remainder of the selling price. If his monthly payments were $180, what is the total amount, including the down payment, that Tyler will pay for the Four wheeler?