Business, 16.10.2019 03:30 kenziebug34

Loan interest. sharon is considering the purchase of a car. after making the down payment, she will finance $11,450.00. sharon is offered 3 maturities. on a four-year loan she will pay $284.93 per month. on a five-year loan, sharon’s monthly payment will be $237.68. on a six-year loan they will be $206.39. sharon rejects the four-year loan, as it is not within her budget. how much interest will sharon pay over the life of the five-year loan? of the six-year loan? which should she choose if she bases her decision solely on interest paid?

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Loan interest. sharon is considering the purchase of a car. after making the down payment, she will...

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