What financial criteria should be considered

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Reference no: EM131306097

1. Add-On Interest. How are payments calculated under the add-on interest method?

2. Simple Versus Add-On Interest. Why are loan payments under the simple interest method usually lower than loan payments under the add-on interest method?

3. Buying a Car. List the steps in buying a car. What financial criteria should be considered? Discuss each briefly.

Reference no: EM131306097

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