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24 February, 10:12

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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  1. 24 February, 10:50
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    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
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