89.0k views
5 votes
Monthly Payment per $100

APR
3 years
4 years
5 years
6.9%
$3.08
$2.39
$1.98
7.9%
$3.13
$2.44
$2.02
8.98
$3.18
$2.48
$2.07
You are considering the two different car loans.
Using the payment table, which loan has the lowest monthly payment?
Loan A
Loan B
$ 17,601
$ 16,290
6.9%
8.9%
5 years
3 years
Ο Α
OB
They are the same.

User Khaledh
by
8.9k points

1 Answer

2 votes

Answer:

A loan

Explanation:

They are not the same.

User Mikespiteri
by
8.1k points

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