SOLUTION: Determine the best interest rate for a new car purchase for a 48-month loan at a bank near you. If you finance a $25,999 with such a loan, determine the payment and the total inte

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Question 1125692: Determine the best interest rate for a new car purchase for a 48-month loan at a bank near you. If you finance a $25,999 with such a loan, determine the payment and the total interest paid over the course of the loan. Also, determine the best interest rate for a new car purchase for a 48-month loan at a credit union near year. Determine the monthly payment and the total interest paid if the same auto loan in financed through the credit union. Please show work on how you obtain the answers. Is it true that the credit union would save you money?
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
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Answer by MathTherapy(10552) About Me  (Show Source):
You can put this solution on YOUR website!

Determine the best interest rate for a new car purchase for a 48-month loan at a bank near you. If you finance a $25,999 with such a loan, determine the payment and the total interest paid over the course of the loan. Also, determine the best interest rate for a new car purchase for a 48-month loan at a credit union near year. Determine the monthly payment and the total interest paid if the same auto loan in financed through the credit union. Please show work on how you obtain the answers. Is it true that the credit union would save you money?
Isn't this something YOU need to do, or would you rather pay me $100 per hour to do the research for YOU?