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Calculating and comparing APRs of competing financing alternatives. Camila Torres wantsto buy a new high - end audio system for her car. The system is

"Calculating and comparing APRs of competing financing alternatives. Camila Torres wantsto buy a new high-end audio system for her car. The system is being sold by two dealers in town,both of whom sell the equipment for the same price of $2,000. Camila can buy the equipmentfrom Dealer A, with no money down, by making payments of $119.20 a month for 18 months; shecan buy the same equipment from Dealer B by making 36 monthly payments of $69.34(again,with no money down). Camila is considering purchasing the system from Dealer B because of the lower payment. Find the APR for each alternative. What do you recommend?"

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