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Question? If Ford Motor Company sells a truck for $5000 down and $450 monthly payment for the next 5 years. Interest rate is 6% per month. What is
Question? If Ford Motor Company sells a truck for $5000 down and $450 monthly payment for the next 5 years. Interest rate is 6% per month. What is the cost of the truck? and what is the total amount of interest paid? Which formula should I use?