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Please help me solve Question 6 4 pts Honda is offering 50-month, 0.3% APR special financing or $2,904 cash back on a car you have
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Question 6 4 pts Honda is offering 50-month, 0.3% APR special financing or $2,904 cash back on a car you have decided to buy. The stated price for the car is $18,264. You can get a 50-month loan, with monthly payments, for the money to buy the car from Bank of America at 10.5% APR. How much do you save in present value terms if you choose the Honda financing instead of the bank financing? (Round to the nearest cent.)Step by Step Solution
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