To buy a minivan you can pay $16,000 cash or put down $4750 and make 24 monthly payments of $551.50. How much would you save by paying cash (rounded to the nearest cent)?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 27CT
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To buy a minivan you can pay $16,000 cash or put down $4750 and make 24 monthly payments of $551.50. How much would you save by paying cash (rounded to the nearest cent)?

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