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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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