Question 1037418
a)20000/36=555.55x1.05=$583.33 monthly payment
20000/48=416.67x1.06=$441.67 monthly payment
20000/60=333.33x1.07=$356.67 monthly payment
b) No loan is best for your situation, as you can only afford $200 for car payments!!!!
c)583.33x36=$21000
416.67x48=$21200
356.67x60=$21400!!!!!!!!!!!!!