Mathematics, 13.04.2021 03:20 charlybraun200094
Dan plans to buy a used truck that costs $21,000. The dealer requires a 20% down payment. The rest of the cost is financed with a 4-year, fixed-rate amortized auto loan at 9.5% annual interest with monthly payments.
(a) Find the required down payment.
(b) Find the amount of the auto loan.
(c) Find the monthly payment.
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Dan plans to buy a used truck that costs $21,000. The dealer requires a 20% down payment. The rest o...
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