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10. [-17.69 Points) DETAILS TANFIN12 5.3.040. MY NOTE Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan

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10. [-17.69 Points) DETAILS TANFIN12 5.3.040. MY NOTE Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $20,000 at a rate of 4.4%/year compounded monthly. Her bank is now charging 6.4%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equ. monthly installments, determine the amount of interest she would have paid at the end of 3 years for each loan. How much less will she have paid in interest payments over the life of the loan by borrowing from the manufacturer instead of her bank? (Round your answers to the nearest cent.) interest paid to manufacturer $ interest paid to bank $ savings $ Submit Answer 11. [-17.69 Points) DETAILS TANFIN12 5.3.042 MY NOTES Paula is considering the purchase of a new car. She has narrowed her search to two cars that are equally appealing to her. Car Acosts $26,000, and Car 0 costs $26,400. The manufacturer of Car A is offering financing for 48 months with zero down, while the manufacturer of Car is offering a rebate of $2000 at the time of purchase plus financing at the rate of 3w/year compounded monthly over 48 months with zero down. If Paula has decided to buy the car with the lower net cost to her, which car should she purchase? (Round numerical values to the nearest cent.) net cost of Car A net cost of Car B car she should purchase Select

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