Stan bought a monster truck for $2,000 down and payments of $450 a month for five years. What’s the total cost of the monster truck?

Stan bought a monster truck for $2,000 down and payments of $450 a month for five years. What’s the total cost of the monster truck?

Detailed Explanation

Five years contain 60 months, so multiply 450 (monthly payment) × 60 = 27,000 (total payments). Then add 27,000 (total payments) + 2,000 (down payment) = 29,000 (total cost).