Jennifer bought a brand new sports car. The price of the car was $14,900 including sport wheels, an AM/FM CD stereo, and automatic transmission. The dealer gave her a $1,250 instant rebate on the price and 0% interest for 60 months. Jennifer made a down payment of $750. What would be the expression for Jennifer's monthly payments if she takes 60 months to pay the remaining balance?
Price - rebate - downpayment = total amount owed
Total amount owed / 60 months = monthly payments
with no interest charges, this is a very simple question
subtract the 1250 rebate and the 750 downpayment from the 14900,
and divide that answer by 60
Jennifer bought a brand new sports car. The price of the car was $14,900 including sport wheels, an AM/FM CD stereo, and automatic transmission. The dealer gave her a $1,250 instant rebate on the price and 0% interest for 60 months. Jennifer made a down payment of $750. What would be the expression for Jennifer' monthly payments if she takes 60 months to pay the remaining balance?
To find the expression for Jennifer's monthly payments, we need to calculate the remaining balance after the down payment and rebate.
Step 1: Calculate the total cost with the rebate:
Total cost of the car = Price of the car - Instant rebate
Total cost of the car = $14,900 - $1,250
Total cost of the car = $13,650
Step 2: Calculate the remaining balance after the down payment:
Remaining balance = Total cost of the car - Down payment
Remaining balance = $13,650 - $750
Remaining balance = $12,900
Now, we can calculate Jennifer's monthly payments using the remaining balance and the 0% interest rate for 60 months.
Step 3: Calculate the monthly payment:
Monthly payment = Remaining balance / Number of months
Monthly payment = $12,900 / 60 months
Monthly payment = $215
Therefore, the expression for Jennifer's monthly payments would be $215.