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Marry needs $20,000 to buy her dream car. In her search for the best (low cost) loan, she has gathered the following information from three
Marry needs $20,000 to buy her dream car. In her search for the best (low cost) loan,
she has gathered the following information from three local banks. Which bank would
you recommend Ms. Marry borrow from? Explain why?
Bank Annual Payment Term
A $8,326.40 3
B 6,309.15 4
C 5411.25 5
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