Question
Scenario 1 Scenario 2 Loan: $9,578.34 Loan: $9,578.34 Interest Rate 5.99% Number of Payments 60 Number of Payments 60 Monthly Payment Amount ($215.35) Monthly Payment
Scenario 1 Scenario 2 Loan: $9,578.34 Loan: $9,578.34 Interest Rate 5.99% Number of Payments 60 Number of Payments 60 Monthly Payment Amount ($215.35) Monthly Payment Amount Interest Rate *Note: you will need to divide the interest rate by 12 in your function to make it a monthly rate. Effective Annual Interest Rate Scenario 3 Scenario 4 Loan: $9,578.34 Savings per Month ($50.00) Monthly Payment Amount ($250.00) Interest Rate 3.00% Interest Rate 4.99% Number of Months 36 Number of Payments Future Account Balance *Note: you will need to divide the interest rate by 12 in your function to make it a monthly rate. Total Gas Money Saved
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