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A car company is offering a choice of deals. You can receive $2,000 cash back on the purchase or a 2.3 percent APR. 3-year
A car company is offering a choice of deals. You can receive $2,000 cash back on the purchase or a 2.3 percent APR. 3-year loan. The price of the car is $23,500 and you could obtain a 3-year loan from your credit union, at 6.3 percent APR Which deal is cheaper? $2Picture000 cash back offer O2.3 percent APR offer
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
