Question

The table represents the details of the loan for Carla's new car purchase. What is the value of C?   Cost of car $14,890 Down Payment $2,800 Amount Financed A Monthly Payment $271.02 # Months 60 Amount Repaid B Finance Charge C Total Cost D $19,061.20 $16,261.20 $12,090.00 $4,171.20​

Answer 1

9514 1404 393

Answer:

see attached

Explanation:

The amount financed (A) is the cost less the down payment.

The amount repaid (B) is the monthly payment times the number of months.

The finance charge (C) is the difference between the amount repaid and the loan amount.

The total cost (D) is the sum of the cost of the car and the finance charge.