Loan 1 Loan 1 would be for the total cost of the car and John would pay equal monthly payments to Uncle Job.
Loan 2 Loan 2 would be for the total cost of the car with John making a $3,000 payment at the end of the loan and equal annual payments to Uncle Job for the remainder.
Loan 3 Loan 3 would have John using $3000 of his personal savings upfront to reduce the loan size and John would make equal monthly payments to Uncle Job.
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