MckenzlieA46706 MckenzlieA46706

31-10-2022
Mathematics

Answered

The new car option: the new car costs about $28,000 and can be financed with a four year loan at 6.33% the used car option: a three year old model of the same car costs $15,000 and can be financed with a three-year loan at 5.77%. What is the difference in monthly payments between financing the new car and financing the used car?

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