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Assume that you've been shopping for a new car and intend to finance part of it through an installment loan

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Assume that you've been shopping for a new car and intend to finance part of it through an installment loan. The car you're looking for has a sticker price of $15,000 Excellent Autos has offered to sell it to you for $2,500 down and finance the balance with a loan that will require 48 monthly payments of $329.17 Hot Cars will sell you exactly the same vehicle for $3,000 down plus a 60-month loan for the balance, with monthly payments of $268.45 Which of these two finance packages is the better deal? Explain For the FIDIP