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(b) Which option is the best? [hint: You cannot directly compare your answer from (a) to $299 since the life spans of owning the car

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(b) Which option is the best? [hint: You cannot directly compare your answer from (a) to $299 since the life spans of owning the car are different. To make it comparable, you need to assume that Mary will sell her car at the end of 48 month in the case of financing, and compare the present value of each option.]

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