Question
Anna Conda purchased a new Toyota Tundra pickup truck for $45,000 and financed $41,000 with a 5 year, 3.5% loan.Following the format of the loan
Anna Conda purchased a new Toyota Tundra pickup truck for $45,000 and financed $41,000 with a 5 year, 3.5% loan.Following the format of the loan disclosure statement, answer the following question.
What is total finance or interest cost associated with the loan?
Group of answer choices:
a) $3747
b) $4061
c) $4270
d) $4747
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
