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April 23, 2014

Homework Help: Math

Posted by Yaneth on Tuesday, October 11, 2011 at 10:01pm.

consider 2 car loans
A) 5.9% APR and 3,000 'cash back'
B) 1.9% APR and no cash back

both loans are repaid after 5 years
pick any car to buy and calculate the total amount owed at the end of 5 yearrs.

which loan is better choice.

the car i have choosen in 12,900

* I am suppose to used the eqation A=Pe^rt

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