Total finance costs on loan
Problem:
Jamil is purchasing a new truck for $30,000. Jamil is making a $2,000 down payment, and he will make 60 monthly payments of $541 each.
Required:
Question: What are the total finance costs on this loan?
Note: Show all workings.
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Physical therapists (PTs) are constantly trying to encourage inactive patients to move their joints, particularly synovial joints. In some cases they will even move the patients joints or use a device to move the joints for them (passive movement)
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Question: What are the total finance costs on this loan? Note: Show all workings.
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