pierre martina is comparing the cost of credit to the cash price of an item. if pierre makes a $70 down payment and pays $34 a month for 24 months, how much more will that amount be than the cash price of $695?

Respuesta :

The cash price is $191

Find how much she will be paying over the 24 months:

34(24)

= 816

Add the down payment to this:

816 + 70

= 886

Find the difference between this and 695:

886 - 695

= 191

So, the difference will be $191.

A home down payment is the part of a home's purchase charge that you pay in advance and does now not come from a mortgage lender thru a mortgage. Suppose you need to buy a house priced at $three hundred,000. In case you had been to position $nine,000 in the direction of the acquisition rate, or three percent down, you'll take out a loan for the remaining $291,000.

In case of cancellation of the contract, The consumer is entitled to a 50% refund of his total payments. If the buyer has paid five years or extra, the consumer is entitled to a boom of five% every 12 months and so on… however, the coins surrender cost shall now not exceed ninety% of his general bills.

While you put a down fee on a vehicle, the dealer is the only one who gets it. You will need to make your check out to them. Because the dealership gets your own price, you frequently are eligible for added incentives or discounts in case you pay a better quantity.

Learn more about down payment here https://brainly.com/question/1698287

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