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24. You are buying a new car and face 2 financing options. Option 1 is for 0% financing for 60 months plus $1500 cash back.

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24. You are buying a new car and face 2 financing options. Option 1 is for 0% financing for 60 months plus $1500 cash back. Option 2 is $3500 cash back. a. If you choose Option 1 and after the cash back still need to finance $20,000 for 60 months, what is your monthly payment? What is the total amount you'll pay I with this option? b. If you choose Option 2 and thus only need to finance $18,000, and you can secure a 2.69% 60-month loan from your credit union, what is your monthly payment? What is the total amount you'll pay with this option? c. Which option should you select

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