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A car dealer offers either 0% financing for 5 years or a $2000 rebate on a $28000 car. Assuming that you could find a loan
A car dealer offers either 0% financing for 5 years or a $2000 rebate on a $28000 car. Assuming that you could find a loan for 6% for 60 months, which deal gives you a smaller payment? Show all your work.
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SOLUTION To compare the two options we can calculate the monthly payment for each deal and then comp...
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
