John's $4500 Truck: Solved His Transportation Woes!

Calculate the total amount paid by john for the truck. $ \text{\textdollar} $ 1,500 down payment + ($350 monthly payment * 10 months) =$1,500 + 3,500 = 5,000. 4 aug 2024 absolutely, let's break this problem down step by step. Identify the total cost of the truck: 27 oct 2017 john financed a truck purchase that cost him $5,000 total after a down payment, leading to an extra cost of $500.

12 aug 2019 the effective yearly interest rate john is paying on his truck deal is approximately 36%. This is calculated based on the extra amount paid in relation to the remaining balance. John bought a used truck for $4,500. He made an agreement with the dealer to put $1,500 down and make payments of $350 for the next 10 months. John bought a used truck for $4,500. He made an agreement with the dealer to put $1,500 down and make payments of $350 for the next 10 months. The extra cost paid by taking this deal is. 15 may 2017 john's total payments for the truck are $5,000, with an extra cost (interest) of $500. This translates to an approximate effective yearly interest rate of 33%. 24 feb 2025 the extra cost paid by taking this deal is equivalent to 36%. Solvedclick here to get an answer to your question : John bought a used truck for 4,500. He made an agreement with the dealer to put 1,500 down and make payments of 350 for the next.

Solvedclick here to get an answer to your question : John bought a used truck for 4,500. He made an agreement with the dealer to put 1,500 down and make payments of 350 for the next.