Business, 06.05.2020 07:19 kingoftime

You are considering a car loan on a $30,000 car for 5 years with monthly car payments. Bank One quotes you an interest rate on their loan at 0.5% per month compounded monthly. Bank Two quotes you an interest rate of 6.5% compounded annually. Your payments will be monthly.
Required:
1. What are your payments for each loan?

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You are considering a car loan on a $30,000 car for 5 years with monthly car payments. Bank One quot...

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