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compare the monthly payment amount of annabelle's dream car at two different car d...
Mathematics, 02.01.2020 02:31 amusgrave2775
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compare the monthly payment amount of annabelle's dream car at two different car dealerships.
dealership a: the car costs $30,000, and the loan has an annual interest rate of 4.8%.
dealership b: the car costs $29,800, and the loan has an annual interest rate of 5.4%.
determine the monthly payment for each dealership, and decide which is cheaper. both interest rates are compounded
monthly. both loans are for 5 years, or 60 months. assume that there is no down payment.
Answers: 2
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