Introduction

Determine which of the following is the best loan to purchase an automobile. Loan A Loan B Loan C Loan D. Price: $3,500 $3,000 $3,500 $3,000. Rate: 5.7% 6.5% 6.5% 5.7%. Term: 24 months 24 months 36 months 36 months. Show your work and explain your conclusion. (1 pt for selection, 1 pt for correctly addressing each category and 6 pts total.) ................
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