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1. (20 Points) You want to purchase a car for $21,600. The dealer offers you 0% financing for 48 months or a $3000 rebate. You

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1. (20 Points) You want to purchase a car for $21,600. The dealer offers you 0% financing for 48 months or a $3000 rebate. You can obtain 4.8% financing for 48 months at a local bank. Which option is the better deal and by how much total? Show your work and explain clearly how one deal is better than the other

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