andy wants to buy a car that costs $28,750. The dealership will finance the car for 4 years, at 5.95%, with a 25% down-payment. What is the Down Payment? $4,312.50       $7,187.50       $21,562.50       $24,437.5

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
icon
Related questions
Question

Sandy wants to buy a car that costs $28,750. The dealership will finance the car for 4 years, at 5.95%, with a 25% down-payment.

What is the Down Payment?

$4,312.50
     
$7,187.50
     
$21,562.50
     
$24,437.50

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College