Question

Molly still has a $2500 down payment. How much loan does Molly need?

Answer 1

Answer:

remember that molly has a $2500 down payment saved for this purchase the dealer will take $500 cash allowance straight off her total how much does molly need

Explanation:

Molly needs = Down payment + Cash Allowance

=\$2500+\$500=$2500+$500

Molly Needs= \$3,000.=$3,000.

Answer 2

The Loan needed by Molly is $21,495

Based on the information given molly is going to pay the exact MSRP of $25,495 and Cash Allowance of $1,500

Now let determine How much loan does Molly need

Using this formula

Loan needed =MSRP amount- Down payment-Cash allowance

Where:

MSRP amount=$25,495

Down payment=$2,500

Cash allowance=$1,500

Let plug in the formula

Loan needed=$25,495-$2,500-$1,500

Loan needed=$21,495

Inconclusion The Loan needed by Molly is $21,495.

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