Mathematics, 22.04.2021 19:10 seaans20391
Jessie is taking out a $32,000 loan for a new
car at an interest rate of 4.2%. He is deciding
between the following terms:
3-Year Term → Monthly Payments: $948
5-Year Term → Monthly Payments: $592
Which term will result in the lowest total
repayment?
How much less interest would Jessie pay?
Answers: 1
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Jessie is taking out a $32,000 loan for a new
car at an interest rate of 4.2%. He is deciding
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