DAN miller bought a new Toyota truck for $28,000. Dan made a down payment of $6000 and paid $390 monthly for 70 months. What is

Question

larisa [96]

3 years ago

5

DAN miller bought a new Toyota truck for $28,000. Dan made a down payment of $6000 and paid $390 monthly for 70 months. What is

the total finance charge/

Mathematics

2 answers:

LekaFEV [45] · Answer 1 · 2022-07-29T14:21:24+03:00

LekaFEV [45]3 years ago

7 0

Take his total payments and subtract the value that he actually borrowed and you will know the total finance charge.

F=70(390)-(28000-6000)

F=27300-22000

F=$5300.00

Murrr4er [49] · Answer 2 · 2022-07-29T15:48:21+03:00

Murrr4er [49]3 years ago

4 0

Total paid ( including down payment)
6,000+360×70=31,200

Finance charge
31,200−28,000=3,200