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Financing: Write the financing information under the FEDERAL TRUTH-IN-LENDING DISCLOSURES part of the contract. 10. Indicate the amount borrowed (balance due) in the Amount
Financing: Write the financing information under the FEDERAL TRUTH-IN-LENDING DISCLOSURES part of the contract. 10. Indicate the amount borrowed (balance due) in the Amount Financed box. 11. Assume you can secure a loan at 3.9% for 36 months. Write these values in the Annual Percentage Rate and Number of Payments boxes. 12. [5 pts] Calculate your monthly payment and write this value in the Amount of Payments box. 2 Formula 1 Work Answer 2 22 13. [2 pts] Find the total amount of interest paid during the loan and write the appropriate information in the Total of Payments and Total Finance Charge boxes. Work Answer 1 1 *Work showing how you arrived at the correct answer. Finance Written Problem Set 3
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