Lets take a $25,000 loan over six years at 8% APR once again, but this time well assume it is for a car loan that offers 0% financing for the first two years of the loan or 8% financing over six years. What are your payment choices to ensure that you pay no interest on the loan? 

 

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With a car loan offering 0 financing for the first two years followed by 8 APR for the rema... View the full answer