Julio wants to purchase a truck. The purchase price of the truck is 40000.00 The dealership will allow him to pay cash or finance the truck for a down payment of 4,000.00 and 60 monthly payments of 750.

Julio wants to purchase a truck. The purchase price of the truck is 40000.00

The dealership will allow him to pay cash or finance the truck for a down payment of 4,000.00
and 60
monthly payments of 750.00
Julio chooses to finance the truck.
a) What is the amount financed?

b) What is the total amount of monthly payments?

c} What is the amount of the finance charge?

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Julio wants to purchase a truck. The purchase price of the truck is 40000.00 The dealership will allow him to pay cash or finance the truck for a down payment of 4,000.00 and 60…

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