Dan Miller bought a new Toyota truck for $28,000. Dan made a down payment of $6,000 and paid $390 monthly for 70 months. The total finance charge was:

Question

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The total amount paid for the truck is the down payment plus the total of all monthly payments: $6,000 + ($390 * 70) = $6,000 + $27,300 = $33,300. The total finance charge is the total amount paid minus the original price of the truck: $33,300 - $28,000 = $5,300.

Dan Miller Bought a New Toyota Truck for $28,000