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While shopping for a car loan, you get the following offers: Solid Savings & Loan is willing to loan you $30,000 at 14% interest for

While shopping for a car loan, you get the following offers: Solid Savings & Loan is willing to loan you $30,000 at 14% interest for 6 years. Fifth Federal Bank & Trust will loan you the $30,000 at 10% for 4 years. Both require monthly payments. You can afford $690 per month. Which loan, if either, can you take?

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