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A major car manufacturer is developing a promotion that offers new car buyers the choice between low interest financing at 0.9% compounded monthly for 5

A major car manufacturer is developing a promotion that offers new car buyers the choice between low interest financing at 0.9% compounded monthly for 5 years or a cash rebate.On a $30,000 car, what rebate makes the buyer indifferent between the dealer's financing and taking the rebate and obtaining bank financing at 4.6% compounded monthly for the net cash price?

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