Answer:
No, This is not reasonable estimate.
Step-by-step explanation:
Charles wants to take out a 5 year loan on car that cost $15000.
He make rough estimate to make payment. He can afford to pay up to $200 per month.
First we find total number of months in 5 years.
Total months = 5x12= 60 months
Total estimate to pay = [tex]60\times 200[/tex] =$12000
we can see cost of a car $15,000 is greater than his estimation $12,000.
Therefore, Charles estimation will not work.
No, This is not reasonable estimate.
