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Anna Conda purchased a new Toyota Tundra pickup truck for $35,000 and financed $31,000 with a 5 year, 4% loan. Following the format of the
Anna Conda purchased a new Toyota Tundra pickup truck for $35,000 and financed $31,000 with a 5 year, 4% loan. Following the format of the loan disclosure statement, answer the following questions. QUESTION 1 What is the APR of the loan? 6% 5% 4% 3% QUESTION 2 What is the total of all of the loan payments made? $34,261 $34,970 $33,264 $32,834 QUESTION 3 What is the actual amount borrowed? $35,000 $33,000 $31,000 $29,000 QUESTION 4 What is total finance or interest cost associated with the loan? $3434 $3261 $3070 $2964 QUESTION 5 The interest charged on this loan is calculated by simple interest compound interest can anybody help me these 5 questions in an hour?? I putted my maximum
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