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Company A is offering a promotion on a $20,000 car. You pay $8,000 down and then the balance at the end of 2 years. Company

Company A is offering a promotion on a $20,000 car. You pay $8,000 down and then the balance at the end of 2 years. Company B next door does not offer the same promotion but will give you $1,000 off the list price. If the interest rate is 10%, which company is offering the better deal?

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