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7. Evan wants to purchase a new truck that lists for $50,000. The manufacturer currently offers two incentive programs. Evan may finance the full price

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7. Evan wants to purchase a new truck that lists for $50,000. The manufacturer currently offers two incentive programs. Evan may finance the full price of the truck through the manufacturer at 0% for 4 years. Alternatively, he may arrange his own financing and receive a $5,000 discount off the price of the truck. Evan's bank will finance the truck at 6.0 percent for 4 years. Which option should Evan choose? Support your

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