Answered


1. Forrest is purchasing a car priced at $7,299. His down payment is $299 and his monthly payments are $165 per month for 48 months. The deferred cost of the car is



Answer :

$165 x 48 = $7920 which is what he has to pay in total for 48 months
$7920 + $299 = $8219 
therefore, the total he pays for his car is $8219 :)