Question: A. Using the information for this question for this question as well as the next one (two total): You are going to buy a truck
A. Using the information for this question for this question as well as the next one (two total): You are going to buy a truck from Gotcha's Car Lot. The salesman will sell you the truck for $13,000. And, if you accept the deal today, the dealer can get the entire price of your truck financed for four years at a 4.0% annual rate ("APR," "Annual Percentage Rate").
*How much will you pay each month?
B. Using the information for this question for this question as well as the previous one (two total): You are going to buy a truck from Gotcha's Car Lot. The salesman will sell you the truck for $13,000. And, if you accept the deal today, the dealer can get the entire price of your truck financed for four years at a 4.0% annual rate ("APR," "Annual Percentage Rate").
- How much of the second monthly payment goes to the repayment of your debt (the payment of principal)?
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