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Read each question carefully. Place the correct answer letter on the attached answer sheet. The car of your dreams is priced at $41,900. The dealer

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Read each question carefully. Place the correct answer letter on the attached answer sheet. The car of your dreams is priced at $41,900. The dealer is offering to finance 100% of the price at 7.00% over 60 months. Alternatively, a local bank is offering 100% financing at a lower rate of 4.95% over 48 months. If your max monthly 1) payment is $700, which one would you opt for? a. The bank b. The dealer c. Cannot afford either one

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