Camille purchased a motorcycle for $5,723. She made a down payment of $1,775. She applied for a four-year installment loan with an interest rate of 10.2%. What is the total cost of the motorcycle after four years?

Question

Camille purchased a motorcycle for $5,723. She made a down payment of $1,775. She applied for a four-year installment loan with an interest rate of 10.2%. What is the total cost of the motorcycle after four years?
$6599.48
$6993.60
$4824.48
$8768.60

My answer is c

Steve · Accepted Answer

I agree with you and went back to add in the down payment and got $6599.48

Reiny · Answer

I disagree, show me your steps to get c)

Ella · Answer

I am trying to figure out what formula to use