To buy
To buy a truck, you can pay $12500 cash or put down $3250 and make 24 monthly payments of $685.75. How much would you save by paying cash(to the nearest hundredth)?
Correct answer:
You need to know the following knowledge to solve this word math problem:
Units of physical quantities:
Grade of the word problem:
Related math problems and questions:
- Dream home
You finally found your dream home. It sells for $120,000 and can be purchased by paying 10% down and financing the balance at an annual rate of 9.6% compounded monthly. a) How much are your payments if you pay monthly for 30 years? b) Determine how much w - Pension or fraud
Imagine your entire working life working honestly and paying taxes and Social Insurance (in Slovakia). You have a gross wage 970 Euros. You pay social insurance (you and your employer) monthly € 310 during 41 years, and your retirement is 446 Eur dur - Daily compounded
Zachary invested $130 in an account paying an interest rate of 3.6% compounded daily, Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 11 years? - Monthly payments 2
Suppose you have selected a new car to purchase for $19,500. If we can finance the car over four years at an annual rate of 6.9% compounded monthly, how much will your monthly payments be?
- Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. How much should the monthly payment be in order to pay off the debt in 15 years? - Monthly payments
Novákovi pays for electricity, and monthly pays at the end of the year still bill 29 USD. Total per year pay 532 USD. What were their monthly payments? - Discounts 2
The local fitness center offers membership discounts for hospital employees. According to the membership brochure, you will receive a discount of 25% on a membership that normally costs $65 per month. How much will you pay for an annual membership if you
