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Your pickup truck is high mileage and needing replacement. You have purchased a brand new F250...

Your pickup truck is high mileage and needing replacement. You have purchased a brand new F250 XLT 4 door pickup truck. You were able to negotiate a total cost of $38,000 for this vehicle. For convenience, you decided to trade your vehicle in, and the dealership is offering $5,000 for your car as a trade in. You have decided to finance this vehicle for 7 years through Texas Tech Federal Credit Union for 4.9%.
After making payments on your vehicle for two years, what is the balance remaining on the loan?

$ 26,885

$ 28,435

$ 24,694

$ 25,000

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jeff jeffy answered 10 months ago
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