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Linda wants to buy a diesel truck which has an MSRP of $56,999. The dealer will finance the truck at 0.91% interest for 60 months.
Linda wants to buy a diesel truck which has an MSRP of $56,999. The dealer will finance the truck at 0.91% interest for 60 months. Linda thinks she can afford monthly payments of $911.00 per month. Can Linda afford the truck? Why?
Yes; the loan amount would be exactly $56,999. | ||
Yes; the loan amount would be $57,834. | ||
No; the loan amount would be $54,660. | ||
No; the loan amount would be $53,415. |
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