1. You want to purchase a truck for $25,000 and you have $3,450 to put down.

1. 1. How much will your payments be if you financed the truck for 60 months at 6%?

1. 1. How much would the payment be if rate of interest is 5% and you only financed the truck for 48 months?

1. 1. Assuming that you would only finance the truck for 4 years, how much would you need to put down to get your payment to $450.00?

1. 1. What type of a problem is this? ___________