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Answer 1 · 2017-03-10T09:19:44

# = $4912.64#

There are 2 different options available to buy the truck.

If you pay cash, the price is a once-off payment of #color(blue)($12,500)#.

But if you do not have that amount available, there is the option of a deposit and then monthly installments for the next 2 years. (24 months.)

The total cost will then be made up of:

#$4000 + 24 xx$558.86#

#=$4000 + 13,412.64#

#=color(red)( $17,412.64)#

This is obviously much more than the cash price!

Paying cash you will save:

#color(red)(17,412.64) - color(blue)($12,500)#

# = $4912.64#