Mathematics, 15.12.2020 04:40, student0724

3. Suppose that you decide to borrow $15,000 for a new car. You can select one of the following loans, ench requiring
regular monthly payments:
Installment Loan
A: three-year loan at 5.1 %
Installment Loan B: livo-year loan at 0,4%.
8. Find the monthly paymelnts and the total interest for
Loan A
B. Find the monthly payments and the total interest for
Loan B.
c. Compare the monthly payments and the total interest
for the two loans.

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3. Suppose that you decide to borrow $15,000 for a new car. You can select one of the following loa...