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You are in the market for a new vehicle. Your local dealership offers two financing options: 1.9%APR for 36 months or 2.9 % APR for
You are in the market for a new vehicle. Your local dealership offers two financing options: 1.9%APR for 36 months or 2.9 % APR for 48 montrhs.your budget requires that the Maximum payment be less than $375 per month.
A) Determine how much it cost to borrower $1,000 under each loan option
B)How much can you borrow (round to nearest $1000 under each payment
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