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You want to take out a loan for a car. Initially you are presented with a 4-year loan that has a $350 monthly payment. Another bank presents you with a 5-year loan that has the same interest rate as the 4-year loan

a. How would the monthly payment of the new 5-year loan compare to the monthly payment of the 4 year loan?

b. How would the total interest paid of the new 5-year loan compare to the total interest paid of the 4 year loan?

1 Answer

6 votes

Answer:

i think its b

Explanation:

User Dordi
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