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P1: Ms. Day needs $20,000 to buy her dream car. In her search for the best (low cost) loan, she has gathered the following information

P1: Ms. Day 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. Day borrow from? Bank A Annual Payment $8,326.40 6,309.15 5,411.25 Term (years) 3 4 5

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