Low Financing or Cash Back? A car company is offering a choice of deals. You can receive
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Low Financing or Cash Back? A car company is offering a choice of deals. You can receive $500 cash back on the purchase or a 3 percent APR, 4-year loan. The price of the car is $15,000 and you could obtain a 4-year loan from your credit union, at 7 percent APR. Which deal is cheaper? (LG4, LG9)
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Related Book For 
Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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