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Noel and Herman are now trying to decide between a 48-month and a 60-month car loan. If the loan is for $10,504 at 7percent, what

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Noel and Herman are now trying to decide between a 48-month and a 60-month car loan. If the loan is for $10,504 at 7percent, what is the difference in the monthly payments? Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table . The monthly payment for the 48-month car loan is $ (Round to the nearest cent.)

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