How Interest Rates Work on Car Loans
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A loan officer compares the interest rates for 48 -month fixed-rate auto loans and 48 -month variable-rate auto loans. Two independent, random samples of auto loan rates are selected. A A loan officer compares the interest rates for 48 -month fixed-rate auto loans and 48 -month variable-rate auto loans. Two independent, random samples of auto loan rates are selected. A sample of eight 48 -month fixed-rate auto loans had the following loan rates: 4.29 % 3.75 % 3.50 % 3.99 % 3.75 %
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