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4. Which one is a better deal to finance a new car? Time value of money is 0.5% per month. (25 points) Deal A: No
4. Which one is a better deal to finance a new car? Time value of money is 0.5% per month. (25 points) Deal A: No down payment Pay $1,000 per month for the first 2 years Pay $1,100 per month for next 3 year Deal B: $2,000 down payment Pay $1,000 monthly for 5 years
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