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QUESTION 11 Ms. Day needs $20,000 to buy her dream car. In her search for the best (low cost) loan, she has gathered the following
QUESTION 11 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 Annual Payment Term (Years) A $8,326.40 3 B $6,309.15 4 C $5,411.25 5 Bank A Bank B Bank C Either Bank B and C since their loan rates are the same Either Bank A and C since their loan rates are the same
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