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In 2 0 1 9 , some dealers offered two different incentives on the Ford Fusion Hybrid. The first offer was for 2 . 9

In 2019, some dealers offered two different incentives on the Ford Fusion Hybrid. The first offer was for 2.9% financing for 60 months. The second offer was for $1250 cash back. (A) If the buyer chose the first offer and still needed to finance $20,000 for 60 months, determine the monthly payment. Find the total amount the buyer paid for this option. (B) suppose the buyer chose the second offer and needed to finance only 18,750.At the time, it was possible to get a new car loan at 4.46% for 60 months, compounded monthly, from an internet bank. Determine the monthly payment and find the total amount the buyer paid for this option. (C) Which was the best deal?

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