Loan Term - Interest Rate - Monthly Payment24 months - 2.5% - $342.08 36 months - 3% - $232.65 48 months - 4% - $180.63 60 months - 5% - $150.97 Markel is buying a new car but needs to keep his payments under $250.00 per month. He would also like to pay it off as quickly as possible so he can start saving for a vacation. Which option will meet both his budget and his vacation plans? a. 24 months b. 36 months c. 48 months d. 60 months
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