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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 3.4 percent APR, 5-
A car company is offering a choice of deals. You can receive $2,000 cash back on the purchase or a 3.4 percent APR, 5- year loan. The price of the car is $17,000 and you could obtain a 5-year loan from your credit union, at 7.4 percent APR. Which deal is cheaper? 3.4 percent APR offer O $2 000 cash back offer
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
