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4. Consider the following options in purchasing a car: Option 1 = purchase the normal price at a $26,200 and pay for the vehicle over

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4. Consider the following options in purchasing a car: Option 1 = purchase the normal price at a $26,200 and pay for the vehicle over 36 months with equal equity payments at 1.9% APR financing. Option 2 = Purchase the vehicle at a discounted price of $24,048 to be paid immediately (Cash), The funds that would be used is earning a 5% annual interest compounded monthly. a. Which option is more economical

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