Question
You buy a truck for $23,000. The sales tax is 4.7%. The fees are $200. The annual percentage rate is 8.9%. You make a down
You buy a truck for $23,000. The sales tax is 4.7%. The fees are $200.
The annual percentage rate is 8.9%. You make a down payment of $5,000
and finance the remaining costs on a 7-year loan.
a. Find the finance amount.
b. Find the monthly car payment.
c. Find the total cost of making the payments.
d. Find the total interest.
e. Find the total percent interest.
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