Question

Assume the car can be purchased for 0% down for 60 months (in lieu of rebate).
A car with a sticker price of $42,250 with factory and dealer rebates of $5,100
(a) Find the monthly payment if financed for 60 months at 0% APR.

Answer 1

I find it hard to see why this is difficult.
Since there is no interest
Just subtract the rebate, then divide that answer by 60.

Answer 2

george makes a $1000 down payment for a care and then pays $325 per month. Elaine makes a $2500 down payment for a car and then pays $325 per month. is there any number of month after which both george and elaine will have to paid the same amount