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Q.2 Which option would you prefer if buying a car: (i) paying in cash $6,000 (ii) paying in instalments of $1200 (per year) at the
Q.2 Which option would you prefer if buying a car: (i) paying in cash $6,000 (ii) paying in instalments of $1200 (per year) at the end of each year at 5.5% interest rate for 5 years. (iii) paying in instalment of $900 (per year) at 5% interest rate for 5 years with the first payment starting from today.
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