Question

Question 20
of 50 Step 1 of 1
Samantha wants to buy a new minivan for $19,000. She has talked to the loan officer at her credit union and knows that they will loan her $11,000.
She must also pay $345 for a license fee and $1300 for taxes. What amount of cash will she need to buy the minivan?

Answer 1

Given

Samantha wants to buy a new minivan for $19,000.

She pay $345 for a license fee and $1300 for taxes.

loan officer give loan = $11,000.

Find

What amount of cash will she need to buy the minivan?

Explanation

Total amount she wants to buy the new minivan = $19,000 + $345 + $1300 = $ 20645

Loan officer agree to loan her of $ 11000

so , amount of cash will she need to buy = $ 20645 - $ 11000 = $9645

Final Answer

Hence , the amount of cash will she need to buy the minivan is $ 9645