you indicated that you would use a $2000 down payment for the initial purchase of the car and then make monthly payments of $514.99 until the loan is paid off.

Question

Write a linear equation below that represents the total you have paid to purchase the car (y) as you continue to make payments over time (x), in years.

Answer 1

y = down payment + rate per month x months

y = 2000 + (514.99) (12x) because x is years and there are 12 months/year

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