Mathematics, 14.01.2021 23:50 deedee363

Bank A is offering a loan with a simple interest rate of 8% for 2 years. Bank B is offering a loan with a simple interest rate of 6.5% for 3 years. A drawing of an all-terrain vehicle. The cost of the vehicle is 5400 dollars.

a. Assuming the monthly payments are equal, what is the monthly payment for the four wheeler from Bank A? from Bank B?

bank a:

Bank B:

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