Cory and Tisha found a used car that costs $12 000. They can finance through their bank at an interest rate of 8 percent interest for a maximum of 48 months. The rate for new car financing is 7.50 percent for 60 months or 7.35 percent for 48 months. All interest rates are compounded monthly. Would they save any money in interest charges if they could find a comparably priced new vehicle, and if they finance the new vehicle for 48 months or 60 months?