Calculate the difference in interest paid over the life

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According to Experian, the average new car loan amount was $28,524 during the second quarter. Do a little research and find current interest rates for car loans in the US. Calculate the difference in interest paid over the life of a 36-month loan versus a 72-month loan.

Reference no: EM131082860

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Calculate the difference in interest paid over the life : According to Experian, the average new car loan amount was $28,524 during the second quarter. Do a little research and find current interest rates for car loans in the US. Calculate the difference in interest paid over the life of a 36-month loan ver..

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