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Medea is considering receiving a car loan from TD Bank worth $3,000. The contract of the loan requires her to pay $1135 each year for

Medea is considering receiving a car loan from TD Bank worth $3,000. The contract of the loan requires her to pay $1135 each year for 3 years. The bank assures Medea that the interest rate on the loan is 4%, but she's not so sure. Given the market rate on other car loans is 5%, should she take the loan from TD Bank or look elsewhere

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