joe is taking out an amortized loan for $27,000 to buy a new car and is deciding between the offers from 2 lenders. he wants to know which one would be the better deal over the life of of the car loan and by how much.

A. a savings and loan association has offered him a 5 yr car loan at an annual interest rate of 9.5%. find the monthly payment.

B. his credit union has offered him a 5 yr car loan at an annual interest rate of 9.1%. find the monthly payment.

C. suppose Joe pays the monthly payment each month for the full term. which lenders car loan would have the lowest total amount to pay off and by how much? savings and loan association and credit union.