While shopping for a car loan, you get the following offers: Solid Savings & Loan is willing to loan you $10,000 at 4% interest for 4 years. Fifth Federal Bank & Trust will loan you the $10,000 at 5% interest for 3 years. Both require monthly payments. You can afford to pay $250 per month. Which loan, if either, can you take?

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Q: Thank you! I have a follow-up question, how much will the loan cost him?

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Q: You need to take out a loan of $20,000 to start up your T-shirt business. You have two…

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Q: The price of a home is $220,000, financed at 7% with a 30 year fixed rate. 20% down and 3 points…

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Q: Would it be better to have a loan with 5% interest paid back over 2 years, or a loan with 2%…

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Q: You just received a new Visa credit card with a $5,000 limit and a 19% interest rate. You then…

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