Suppose that you decide to borrow 13000 for a new car. You can select one of the following loans each requiring regular monthly payments. Installment loan A three-year loan at 5.9% Installment loan B...


Suppose that you decide to borrow 13000 for a new car. You can select one of the following loans each requiring regular monthly payments.


Installment  loan A three-year loan at 5.9%


Installment  loan B  five -year loan at 5.8%


What would be the monthly payments for each loan and total interest for them also?




Jun 04, 2022
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