Question: please answer A and B O CONSUMER MATHEMATICS Computing the total cost and interest for a loan C To pay for a $19,500 truck, Rachel

please answer A and B

O CONSUMER MATHEMATICS Computing the total cost and interest for a loan C To pay for a $19,500 truck, Rachel made a down payment of $4200 and took out a loan for the rest. On the loan, she paid monthly payments of $338.67 for 4 years. (a) What was the total amount Rachel ended up paying for the truck (including the down payment and monthly payments)? ? (6) How much interest did Rachel pay on the loan? Explanation Check M-pa Essay 1 artga.es esc @ 1 2 3 $ 4 5 6 & 7

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Anything will help!! Sales ($millions) Month 1 2 1 470 3 2 485 499 4 3 5 4 515 6 530 6 7 5 532 8 7 556 9 8 576 9 10 11 10 583 587 601 12 11 13 12 605 Open the monthly sales JMP file. Perform (1)...

please answer A and B and highlight both final answers. thank you. both answers should be in dollar amounts. MY ASU Netflix Apps M Gmail h Hulu Anime Google Docs O CONSUMER MATHEMATICS Computing the...

MATH 106 Finite Mathematics 2168-OL1-6384-1A MATH 106 FINAL EXAMINATION This is an open-book exam. You may refer to your text and other course materials as you work on the exam, and you may use a...

1. What are the basic benefits and purposes of developing pro forma statements and a cash budget? What are the pitfalls in the process? How do you think you could avoid these pitfalls? 2. What effect...

Please help with steps 22 through 34. Hokie Fitness Equipment & Accessories, Inc. is a retailer that sells fitness equipment and accessories. The manager of Hokie Fitness Equipment & Accessories,...

This is the excel loan we have to fill out: These are the instructions: some photos may be duplicates to see other instructions that were cut off. Please respond with answers next to the instruction...

MASTER BUDGET PROJECT i really need help completing this a Master Budget Project 2021 Insert Draw Page Layout Formulas Data Review View Tell me Share X 12 mno Tea - A A BU OY E B Merge Center $ % 3...

Master Budget Project a Master Budget Project 2021 Insert Draw Page Layout Formulas Data Review View Tell me Share X 12 mno Tea - A A BU OY E B Merge Center $ % 3 Conditional Format Formatting a Tale...

Using the Assignment Tools to Complete This Exam The tools for working with this exam are found in the Assignment menu. The Instruction Sheet icon displays all tasks for the exam at the same time in...

really just need help with part 2 and the part 3 on this. Part 1: Mortgage A mortgage is a loan used to purchase a home. It is usually paid back over a period of 15, 20, or 30 years. The interest...

Answer those questions please 1.Bianca took out a loan from the bank today for X. She plans to repay this loan by making payments of 53,953 dollars per month for a certain amount of time. If the...

A ping pong ball and a purple 2002 Honda Civic are both simultaneously dropped from a height of 50 m. Neglecting air resistance, which object will have a greater speed after falling for 8 seconds?...

Bank cards are commonly used for payment in electronic commerce and in physical transaction. Customer normally requested to key the card number as well as the expiry date and/or security code before...

1 . DEC Inc. recently hired you as a consultant to estimate the company s WACC. You have obtained the following information. ( 1 ) The firm's bonds have YTM of 8 . 5 % . ( 2 ) The company s tax rate...

Assignment: Write a simple program that uses the "fork" function. The new process created by fork is called the "child" process. The function is called once but returns twice. Both the child and the...