Offered two maturities, Sharon is considering the purchase

Offered two maturities

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Reference no: EM131055579

Sharon is considering the purchase of a car. She will finance $15,500.00 and is offered two maturities. On a four-year loan, Sharon will pay $371.17 per month. On a five-year loan, Sharon's monthly payments will be $306.99. If How much money would Sharon save if the decides on the 4 year loan as compared to the five-year loan?

Reference no: EM131055579

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Offered two maturities : Sharon is considering the purchase of a car. She will finance $15,500.00 and is offered two maturities. On a four-year loan, Sharon will pay $371.17 per month. On a five-year loan, Sharon's monthly payments will be $306.99. If How much money would Sh..

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