SOLUTION: C. A university graduate bought a new car. The cash price is $19,000; he made a $ 1,400 down payment on it. The bank's loan was for 20 months. Finance charges totaled $ 4,900. What

Algebra ->  Finance -> SOLUTION: C. A university graduate bought a new car. The cash price is $19,000; he made a $ 1,400 down payment on it. The bank's loan was for 20 months. Finance charges totaled $ 4,900. What      Log On


   

Question 1162473: C. A university graduate bought a new car. The cash price is $19,000; he made a $ 1,400 down payment on it. The bank's loan was for 20 months. Finance charges totaled $ 4,900. What was the monthly payment?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Start with 19,000. Subtract 1400. Add 4900. Divide the result by 20.


John

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