Mathematics, 06.07.2020 01:01 CesarCarvajal969
You need to borrow $15,000 to buy a car, and you determine that you can afford monthly payments of $325. The bank offers three choices: a 3-year loan at 7% APR, a 4-year loan at 7.5% APR, or a 5-year loan a 8% APR. Which loan best meets your needs? Show your work and explain your reasoning.
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