Question
Anna Conda purchased a new Toyota Tundra pickup truck for $43,000 and financed $38,000 with a 4 year, 6.0% loan. Following the format of the
Anna Conda purchased a new Toyota Tundra pickup truck for $43,000 and financed $38,000 with a 4 year, 6.0% loan. Following the format of the loan disclosure statement, answer the following question.
What is the total finance or interest cost associated with this loan?
A. 4389
B. 4846
C. 5483
D. 10483
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
