Supposed that you decide to borrow $40,000 for a new car you can select one of the following loans each requiring regular monthly payment: installment loan a.three-year loan at 6.1% installment loan b:five

Supposed that you decide to borrow $40,000 for a new car you can select one of the following loans each requiring regular monthly payment: installment loan

a.three-year loan at 6.1% installment loan b:five year loan at 7.2%

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