A used car can be purchased for 4,000 cash or credit . if a credit plan is used the payments are 100$ per month for 4 years. how much money is saved by paying cash?

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asked May 22, 2019 24.2k views

1 Answer

Jrog · Answer 1 · 2019-05-26T06:55:10+0000

Via monthly payments: ($100/mo)*(48 monts) = $4800, as opposed to $4000 cash. That's a difference of $800! Pay cash if y ou can.