Question: Suppose that you decide to borrow $ 1 4 , 0 0 0 for a new car. You can select one of the following loans,
Suppose that you decide to borrow $ for a new car. You can select one of the following loans, each requiring regular monthly payments. Installment Loan A: threeyear loan at
Installment Loan B: fiveyear loan at
Use PMT to complete parts a through c below.
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