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TO Submit Answer (-/5 Points) DETAILS JMODD8 5.4.011 MY NOTES PRACTICE ANOTHER Dennis Lamenti wants...

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TO Submit Answer (-/5 Points) DETAILS JMODD8 5.4.011 MY NOTES PRACTICE ANOTHER Dennis Lamenti wants to buy a new car that costs $15,434.31. He has two possible loans in mind. One loan is through the car dealer, it is a four year add-on interest loan at and requires a down payment of $1,000. The second is through his bank it is a fouryear simple interest amortized loan at 7 and requires a down payment of $1,000 (Round your answers to the nearest cent.) (a) Find the monthly payment for each loan dealer $ bank 3 (b) Find the total interest paid for each loan dealer bank (c) Which loan should Dennis choose? Why? Dennis should choose the bank loan since the interest is less. Dennis should choose the car dealer loan since the interest is less Need Help? Head MY NOTES PRACTICE ANOTHER JMODD8 5.4.013. 4. [6/6 Points) DETAILS PREVIOUS ANSWERS 14 MacBook

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