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You Bought a Car for $4000 Down and Made Payments

Question 96

Multiple Choice

You bought a car for $4000 down and made payments of $492.67 for 48 months.
a. Find the amount of the payments over the 48 months.
b. Find the total cost of the car.


A) (a) $23,648.16; (b) $23,648.16
B) (a) $27,648.16; (b) $23,648.16
C) (a) $215,648.16; (b) $215,648.16
D) (a) $23,648.16; (b) $27,648.16
E) (a) $27,648.16; (b) $27,648.16

Correct Answer:

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