Trevon will overpay around $13
Further explanation:
One time payment will be calculated by dividing the total amount by 36 and then the answer will be rounded off to nearest dollar
So,
Given
[tex]Cost\ of\ car=\ 26555\\Number\ of\ payments=36\\Amount\ of\ one\ payment = \frac{26555}{36}\\=737.64[/tex]
One time payment is 737.64. Rounding off to nearest dollar gives us 738.
If 738 is paid 36 times,
[tex]Total\ amount\ paid=36*738=26568[/tex]
The amount that will be overpaid is:
[tex]=26568-26555=13[/tex]
Trevon will overpay around $13
Keywords: Installments, Profit
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