You want to purchase a new car for 29000 tow financing

Reference no: EM13591020

You want to purchase a new car for $29,000/ Tow financing options are available from the dealer. 1) pay the list price with a 0% interest rate loan for 60 month; or 2) receive a $6,000 rebate and pay the remainder with a 5.9% interest rate loan for 60 month. What are the monthly loan payments for each options?

Reference no: EM13591020

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