Find two potential banks/companies that would give you a loan for a big purchase (car, house, etc.). Calculate how much
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Find two potential banks/companies that would give you a loan for a big purchase (car, house, etc.). Calculate how much
Find two potential banks/companies that would give you a loanfor a big purchase (car, house, etc.).Calculate how much you would end up paying over the life of theloan. (The websites should give you the interest rates, and howoften it is compounded).Compare and contrast each option above.Which account would you rather invest in and why?