Life
by Brandon Wenerd on August 2, 2013

A car dealer offers Lachlan a car that is priced at $21,800, but he only has a $600 deposit. Lachlan trade in is actually worth $500. The finance company insists on a 10% deposit for a 22% flat rate deal, so the dealer inflates the prices of both the trade-in and the car purchased What are the inflated prices, and what is the monthly repayment to pay of the car in 4 years?

Monthly payment rounded to the nearest dollor

First number is 0

Answers in the comments. Yes, there will be a quiz at the end.

[H/T: Next Impulse Sports]

Brandon Wenerd

About Brandon Wenerd...

Brandon Wenerd is BroBible's senior editor, guru of @brotips, and director of strategic partnerships. He joined BroBible in the fall of 2009 after graduating from Penn State. When he’s not writing, Brandon enjoys fishing, Phish, Philly sports, Dewey Beach, supporting live music, hot sauce, and beer. E-mail him with post ideas and news tips: brandon@brobible.com.

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