Loan Term Interest Rate Monthly Payment
24 months 2.5% $342.08
36 months 3% $232.65
48 months 4% $180.63
60 months 5% $150.97
Markel is buying a new car but needs to keep his payments under $250.00 per month. He would also like to pay it off as quickly as possible so he can start saving for a vacation. Which option will meet both his budget and his vacation plans?
24 months
36 months
48 months
60 months
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