Mathematics, 09.10.2019 10:30, animationfusion

You purchase a car using a $20,000 loan with a 5% simple interest rate.
(a) suppose you pay the loan off after 4 years. how much interest do you pay on your loan?

(b) suppose you pay the loan off after 3 years. how much interest do you save by paying the loan off
sooner?

show your work and don’t forget the unit!

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You purchase a car using a $20,000 loan with a 5% simple interest rate.
(a) suppose you pay th...

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