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Jamal is seeking to purchase a motor vehicle for approximately $10,500 and requires finance in order to complete the purchase: Option A: 3 year loan

Jamal is seeking to purchase a motor vehicle for approximately $10,500 and requires finance in order to complete the purchase: Option A: 3 year loan with end of month repayments of $350, Option B: 2 year loan with end of month repayments of $500 Option C: 3 year loan with end of quarter repayments of $1,050. a) On what financial basis should Jamal seek to differentiate and select between the different finance options?

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