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Consider a $ 2 0 , 0 0 0 car loan over five years at 8 % APR. Assume an option where the car loan
Consider a $ car loan over five years at APR. Assume an option where the car loan offers financing for the first two years of the loan or financing over five years. What are the payment choices to ensure that no interest on the loan is paid? Does this imply that money is "free"?
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