Timed test 1. larry is getting a loan to buy a car. the loan will be for 16,000 dollars and will be paid off over 4 years. one bank offers him an annual interest rate of 6%. which would make his payments 375.76 dollars. another bank offers him an annual interest rate of 8%. which would make his monthly payments 390.61 dollars what is the overall finical benefit for larry of taking the 6% loan? and 2. susan has a credit card balance of 3,000 dollars. her annual interest rate is 20%. if she pays 2777.90 dollars a month she will pay the balance off in 1 year if she pays 152.69 dollars a month she will pay the balance off in 2 years? what is the overall financial benefit of susan paying the credit card balance off in 1 year instead of 2?