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please show step by step, only using financial calculator. thank you #5 Derek plans to buy a $29,300.00 car. The dealership offers zero percent financing
please show step by step, only using financial calculator. thank you
#5 Derek plans to buy a $29,300.00 car. The dealership offers zero percent financing for 55.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $ cash back. He can borrow money from his bank at an interest rate of 5.57%. unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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