To buy a truck you can pay $14,000 cash or put down $5000 and make 24 monthly payments of $551.09. how much would you save by paying cash (to the nearest hundredth)?

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asked Feb 23, 2018 228k views

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Bgusach · Answer 1 · 2018-02-27T18:17:02+0000

You will save $4,226.16 because $5,000 + 24 x $551.09 = $18,226.16
To get how much is saved take the higher number and subtract the lower one,
$18,226.16 - $14,000 = $4,226.16

To buy a truck you can pay $14,000 cash or put down $5000 and make 24 monthly payments of $551.09. how much would you save by paying cash (to the nearest hundredth)?

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