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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 highend 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 $ Camila can buy the equipmentfrom Dealer A with no money down, by making payments of $ a month for months; shecan buy the same equipment from Dealer B by making monthly payments of $againwith 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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