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A. You are planning on buying a new car from the dealership that sells for $28,000. You will also be trading in your current vehicle

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A. You are planning on buying a new car from the dealership that sells for $28,000. You will also be trading in your current vehicle that you are still making monthly payments of $385.94 with two and a half years left on the loan that has a 6% APR. The dealership will give you $8,000 in trade-in. Two options are available to you: Option one - finance the entire cost at 1.5% for 5 years Option two - take a rebate of $2,000 and finance the remainder at 6.5 % for 5 years. Which is the best deal: Option one or option two? What will be your monthly payments for each antion

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