1. Your pickup truck is high mileage and needing replacement. You have purchased a brand new F250 XLT 4 door pickup truck. You were able to negotiate a total cost of $38,000 for this vehicle.The sales tax in Texas for all vehicle purchases less trade-in value in Texas is 6.25% and you want to add this tax to the loan. You have decided to finance this vehicle for 7 years through Texas Tech Federal Credit Union for 3.9%. During the first year (i.e. 12 months), how much interest did you pay

a 1,398

b 1,289

c 1,415

d 1,485