Question

1 The contractor is still paying for the truck (water tanker) and it is covered for insurance. 1.1 nights Write down the Loan term of the truck in years​

Answer 1

Unfortunately, the provided statement does not contain sufficient information to determine the loan term of the truck.

Explanation:

The loan term refers to the length of time over which the loan for the truck is scheduled to be repaid. It is typically determined at the time of purchase and specified in the loan agreement.

To determine the loan term of the truck, we would need to know additional information such as the date of purchase, the loan agreement terms, the payment schedule, and any other relevant details about the loan.