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chrysler is offering a choice of either 48 month 2.0% APR financing, OR $2000 cash back if you pay cash on a car purchase. The

chrysler is offering a choice of either 48 month 2.0% APR financing, OR $2000 cash back if you pay cash on a car purchase. The stated price is $27,975 . if you can obtain bank financing at 5.66% APR (monthly compounding), what would be the implied monthly loan payments if you use your bank financing and thus drop the price by the $2000 cash rebate? assume 48 month term for the bank loan

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