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Mathematics, 16.04.2021 19:50 melaniem50

11. Dennis Lamenti wants to buy a new car that costs $15,829.32. He has two possible loans in mind. One loan is through the car dealer; it is a four-year add- on interest loan at 7% and requires a down payment of $1,000. The second is through his bank; it is a four-year simple interest amortized loan at at 7% and requires a down payment of $1,000. a. Find the monthly payment for each loan. b. Find the total interest paid for each loan. c. Which loan should Dennis choose? Why?​

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11. Dennis Lamenti wants to buy a new car that costs $15,829.32. He has two possible loans in mind....
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