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Leto [7]
3 years ago
11

Dylan bought a new Ford truck for $28,000. Dylan made a down payment of $6,000 and paid $390 monthly for 70 months. What's the t

otal finance charge?
Mathematics
1 answer:
Delicious77 [7]3 years ago
3 0
Payments:

-- Down . . . . . $6,000

-- Monthly:

 ($390/month)x(70 months) = $27,300

Total payments:  (6,000 + 27,300) = $33,300

Actual cost of the truck = $28,000

Cost of not paying in full when he got the truck ("finance" charges") =

(33,300 - 28,000) = $5,300
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Read more about logarithmic and exponential functions at:

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