Mathematics, 10.04.2021 05:30 skyemichellec
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Jonas wants to take out a bank loan of $7,500 to purchase a used car. The table below shows the terms and interest from two banks he has been given. How much money would he save be choosing to go with First General Bank?
Bank Loan Amount Loan Term Interest Rate Monthly Payment
Central Bank $7,500 60 months 6.8% $147.80
First General Bank $7,500 48 months 7.0% $179.60
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