If a three-year car loan has the same interest rate as a six-year car loan, how do the monthly payments and the total interest compare for the two loans? The monthly payments for the three-year car loan will be. loan. The total interest for the three-year car loan will be the monthly payments for the six-year car the total interest for the six-year car loan.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 6P
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If a three-year car loan has the same interest rate as a six-year car loan, how do the monthly payments and the total
interest compare for the two loans?
The monthly payments for the three-year car loan will be
loan. The total interest for the three-year car loan will be
the monthly payments for the six-year car
the total interest for the six-year car loan.
Transcribed Image Text:← If a three-year car loan has the same interest rate as a six-year car loan, how do the monthly payments and the total interest compare for the two loans? The monthly payments for the three-year car loan will be loan. The total interest for the three-year car loan will be the monthly payments for the six-year car the total interest for the six-year car loan.
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