Question:
Lower Car Payment
This assignment is on low car payment when you go to buy a car, you may have the opportunity to have a lower car payment by extending the length of the loan.But how much is this lower payment really costing? In this sheet you will fill in some tables that deal with different interest rates that illustrate what effect a lower monthly payment has on both the term of a loan and the total cost of the loan.
Let the Variables below be Defined as follows:
A: amou...
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