KindaSmartPersonn
Answered

The table shown represents the details of a car loan.

Cost of car $11,578
Down Payment $4,100
Amount Financed A
Monthly Payment $251.34
# Months 36
Amount Repaid B
Finance Charge C
Total Cost D


What is the value of D?


$13,148.24


$11,578.00

$9,048.54


$7,478.00

Answer :

opudodennis

Answer:

$13,148.24

Step-by-step explanation:

-Assuming there are no hidden charges, the total cost of a car is the sum of all monthly payments plus the down payment.

-Given down-payment=$4,100, and $251.34 monthly payments over 36 months.

-The total cost is calculated as:

[tex]Total \ Cost=DownPayment +\sum{Monthly \ Payments}\\\\=4100+36\times 251.34\\\\=\$13,148.24[/tex]

Hence, the total cost of the car is $13,148.24

francocanacari

The total cost of the car was $ 13,148.24.

Given that a car loan in which the cost of the car was $ 11,578 had a down payment of $ 4,100 and 36 monthly payments of $ 251.34, to determine the total cost the following calculation must be performed:

  • 4100 + (36 x 251.34) = X
  • 4100 + 9048.24 = X
  • 13,148.24 = X

Therefore, the total cost of the car was $ 13,148.24.

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