Molly has a $2500 down payment saved for this purchase, and the dealer’s $1500 Cash Allowance will come straight off her total. How much will Molly’s monthly payment be?
˜”*°•.˜”*°• Answer •°*”˜.•°*”˜$1,000
˜”*°•.˜”*°• Explanation •°*”˜.•°*”˜Molly's down payment = $2500
Dealers cash Allowance = $1500
If dealer’s $1500 Cash Allowance will come straight off her total, the amount of loan he will need will be the difference between his down payment and the dealers cash allowance.
Mollys Loan = Down payment - Cash Allowance
Molly's loan =$2500-$1500
Molly's loan = $1,000