1. Forrest is purchasing a car priced at $7,299. His down payment is $299 and his monthly payments are $165 per month for 48 months. The deferred cost of the car is

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asked Apr 16, 2015 197k views

1 Answer

Gregtzar · Answer 1 · 2015-04-21T16:14:31+0000

$165 x 48 = $7920 which is what he has to pay in total for 48 months
$7920 + $299 = $8219
therefore, the total he pays for his car is $8219 :)