Financing a Car - Chris Cooper's Math Site
Financing a Car Installment Loan ... Suppose that you are thinking about buying a car and have narrowed down your choices to two options: 1) A new car that costs $19,000 and can be financed with a 3-year loan at 6.18% 2) A 2 year old car of the same model that costs $11,500 and can be financed with a 3-year loan at 7.5% ... r = 0.075. Costs of ... ................
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