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
A) $8,560
B) $6,472
C) $8,992
D) $6,192
(129 x 48) + 2800 = ?
Thank u
To calculate the total cost of the boat, we need to add the down payment to the total payments made over 48 months.
The down payment is given as $2,800.
The monthly payment is $129, and this will be paid for 48 months. So, the total payment made over 48 months will be $129 multiplied by 48.
First, let's calculate the total payment made over 48 months:
$129 × 48 = $6,192
Now, let's add the down payment to the total payments made:
$2,800 + $6,192 = $8,992
Therefore, the total cost of the boat is $8,992.
So, the correct answer is C) $8,992.