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help you feel in control of the auto-buying process. Auto Payment and Auto Loan Amount Calculator: Play around with these calculators to get a better idea of how much you can afford to borrow. New and Used Car Values: Get a fair estimate on the price of the car you want by comparing data like the manufacturer’s suggested retail
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Shopping for an Automobile Loan Using Web Site Calculators Name_____ Date_____ Class_____ Directions: Choose an automobile to purchase. Record the year, type, and price below. Go to www.bankrate.com to research auto loans. Compare five different lenders and complete the chart below.
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UNDERSTANDING HOW A PRECOMPUTED LOAN WORKS Q. What is a precomputed loan? A precomputed loan is a loan where the interest for the term of the loan is calculated when the loan is made. The interest is included in the account balance. Because interest is calculated
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