Mathematics, 02.08.2019 01:30 marygomez11

Larry is getting a loan to buy a car. the loan will be for $16,000 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. another bank offers him an annual interest rate of 8%, which would make his monthly payments $390.61. what is the overall financial benefit for larry of taking the 6% loan?

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Larry is getting a loan to buy a car. the loan will be for $16,000 and will be paid off over 4 years...