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Bill wants to buy an F150 with a sticker price of $55,000,00 The dealer will make a 4 year loan at 3.5% annnual interest loan

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Bill wants to buy an F150 with a sticker price of $55,000,00 The dealer will make a 4 year loan at 3.5% annnual interest loan on the truck. Ba thinks he can pay $1,200 a month. Can bill afford the truck? Yes, Biil can afford exactly a $55,000.00 truck. No, Bil can afford only a truck worth about $53,876 Yes, Bill can afford a truck woth about $55,928. No, B II can only afford a truck worth about $54,812

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