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Question 1 You want to buy a car, the garage gives the following choices: a) Pay 3,000 today b) Pay a deposit of 1,000 today

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Question 1 You want to buy a car, the garage gives the following choices: a) Pay 3,000 today b) Pay a deposit of 1,000 today and 2,000 in one year and 500 in two years' time c) Pay 1,100 for three years, first payment in one years' time The interest rate is 8%, which is the best offer

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