SOLUTION: Harry has $2,900 in cash to pay for a secondhand car, or he can pay $300 down and $135 per month for 4 years. If he doesn't pay the full amount in cash, he knows he can make $175 b

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Harry has $2,900 in cash to pay for a secondhand car, or he can pay $300 down and $135 per month for 4 years. If he doesn't pay the full amount in cash, he knows he can make $175 b      Log On

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Question 1117548: Harry has $2,900 in cash to pay for a secondhand car, or he can pay $300 down and $135 per month for 4 years. If he doesn't pay the full amount in cash, he knows he can make $175 by investing his money. How much will he lose if he uses the more expensive method of payment?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




You can do your own arithmetic. A negative result indicates a loss resulting from the installment payments.

John

My calculator said it, I believe it, that settles it