Turner agrees to buy a boat for $2,800 down and $129 a month for 48 months. What is the total cost of the boat?
$8,992
This would be 129x48=6192+2800=8992
Right?
Right idea except that your equation doesnot make sense. The LHS does not equal the RHS. Better as two lines or
Total cost = $2800+(48x$129)
= $8992
Tip - Try to avoid more than one equals per line as you can end up with the RHS not being equal to the LHS.
Thank you
I am having a hard time with this class
Yes, you are correct!
To find the total cost of the boat, you need to add the down payment of $2,800 to the total monthly payments. To calculate the total monthly payments, you multiply the monthly payment of $129 by the number of months, which is 48.
So, total monthly payments = $129 x 48 = $6,192.
Then, you add the down payment to the total monthly payments: $2,800 + $6,192 = $8,992.
Therefore, the total cost of the boat is $8,992.