posted by Yaneth on .
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