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Your pickup truck is high mileage and needing replacement. You have purchased a brand new F 2 5 0 XLT 4 door pickup truck. You

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. For convenience, you decided to trade your vehicle in, and the dealership is offering $5,000 for your car as a trade in. You have decided to finance this vehicle for 7 years through Texas Tech Federal Credit Union for 4.9%. After making payments on your vehicle for two years, what is the balance remaining on the loan?
A. $28,435
B. $24,694
C. $25,000
D. $26,885
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