1. Let's start by stating the problem: You pay 256 each month for 5 years to buy your car. We need to find the total cost of the loan on the car. 2. First, we identify how many months you pay in total. Since 1 year has 12 months, 5 years have $$5 \times 12 = 60$$ months. 3. You pay 256 each month for 60 months. So, the total cost is the monthly payment multiplied by the number of months: $$256 \times 60 = 15360$$ 4. Therefore, the total cost of the loan on the car is 15360.