Think of a car you would like to purchase in the next 10 yea

Think of a car you would like to purchase in the next 10 years. Interest rates for cars dpened on many things such as the type of car and the life o the loan. Consider the following infomation. 48 month loan (used car) 4.26% 48 month loan (new car) 3.85% 36 month loan (used car) 4.49% 36 month loan (new car) 3.73%using the information above you are considering a used car for $7,000 and a new car for $30,000 what are your different monthly payments? Is it better to be a used or new? Explain.