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Determine the best interest rate for a new car purchase for a 48-month loan at a bank near you. If you finance a $25,999 with such a loan, determine the payment and the total interest paid over the course of the loan. Also, determine the best interest rate for a new car purchase for a 48-month loan at a credit union near year. Determine the monthly payment and the total interest paid if the same auto loan in financed through the credit union. Is it true that the credit union would save you money?

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Financial Management, Finance

Category:- Financial Management
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