great cars has an agreement that involves 3600 down payment which is a six year contract for 380 per month all interest and finance charges are calculated in pa

Question

Our company requires a 1600 down payment on any automobile and, after financing and interest rates are considered, a 480 monthly payment for 5 years.

 

copper choppers suggests purchasing a top of the line motorcycle with a 1300 down payment and a monthly payment , including interest and finance charges, of 345 for 6 years.

 

Happy motors offers a contract of 580 a monthly payments for 4 years with 2100 down payment, all interest and finances included in the monthly payment.

 

what is the best deal show work 

Answer 1

For each dealership, multiply the number of months in the years you have to pay and add the down payment to that total. The lowest price is the best deal.