Thursday, November 16, 2017

Problem of the Month November/December 2017



Image result for car salesman







Slick McNally is trying to sell you a 2016 Saturn for $15,000.

He is offering you a 2 year loan with no interest and no down payment.

a.  How much will your monthly payments be?








b.  Suppose you make a down payment of $2,000,  how does this affect your monthly payment?