Darius wants to buy a new car. The can
he chooses has a total purchase price of
$18,500....
Mathematics, 24.03.2020 00:35 SearchLight
Darius wants to buy a new car. The can
he chooses has a total purchase price of
$18,500. Darius uses a multi-offer website to
apply for a car loan. He receives three offers
with minimum payments he can afford. The
terms for each loan are shown in the table.
Option
Loan Term
APR. 4
(months)
2.99%
3.99%
36
1.99%
60
Minimum
Payment
$332.34
$546.11
$401.28
48
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