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 equation A=Pe^rt