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Charles would like to buy a new car that costs $ 32000. The dealership offers to finance the car at 2.4% a compounded monthly for

Charles would like to buy a new car that costs $ 32000. The dealership offers to finance the car at 2.4% a compounded monthly for 5 years with monthly payments. The dealer will reduce the selling price by $ 3000 if Charles pays cash. Charles can get a loan from his bank at 5.4% a compounded monthly. Which is the best way to buy a car?

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