Problem

The purchase price of a flat-bed truck a contractor plans to buy is $39,999. In order to q...

The purchase price of a flat-bed truck a contractor plans to buy is $39,999. In order to qualify for the loan on the truck, the contractor must make a down payment of 10% of the purchase price.

(a) Find the down payment.


(b) Find the amount financed.

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Solutions For Problems in Chapter A.2