Mathematics, 25.10.2021 15:00, jbcupcake

13. Jessie is taking out a $32.000 loan for a new car at an interest rate of 4.2%. He is deciding
between the following terms:
3-Year Term → Monthly Payments: $448
5-Year Term → Monthly Payments: $542
Which ferm will result in the lowest total
repayment?
How much less interest would Jessie pay?

Answers: 3

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13. Jessie is taking out a $32.000 loan for a new car at an interest rate of 4.2%. He is deciding<...