Question

Compare Loan Terms

So you want to finance a car for $4,840. Let's say we offer you a 4.5%
interest rate on a 2-year loan and 6% on a 5-year loan. Enter this info
into the calculator to see your monthly and total cost by loan term.

Financing Amount
$4,840

Interest Rate on 2-Year Loan
$_____

Interest Rate on 5-Year Loan
$______​

Answer 1

it's the 2 year loan is 4.5%

Answer 2

Explanation:

the answer is basically 4.5% and the 6%