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Kangaroo Autos is offering free credit on a new $ 1 0 , 0 0 0 car. You pay $ 1 0 0 0 down
Kangaroo Autos is offering free credit on a new $ car. You pay $ down and then $ a month for the next months. Turtle Motors next door does not offer free credit but will give you $ off the list price. If the rate of interest is percent a year, which company is offering the better deal? Calculate the present value of payments.
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