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Mathematics, 26.03.2021 06:20 sarahnd6907

Someone needs to borrow ​$ 13,000 to buy a car and the person has determined that monthly payments of ​$300 are affordable. The bank offers a 3​-year loan at 7​% ​APR, a 4​-year loan at 7.5​%, or a ​5-year loan at 8​% APR. Which loan best meets the​ person's needs? Explain.

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