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Sally wants to buy a Ford Mustang. The MSRP is $26,185. Ford offers a purchase financing plan with no money down and 48 end-of-month payments

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Sally wants to buy a Ford Mustang. The MSRP is $26,185. Ford offers a purchase financing plan with no money down and 48 end-of-month payments of $550. Should she buy the car for cash or take Ford's purchase financing? Assume that she has the cash and could invest it to earn 4%. Calculate the present value of each alternative and enter your answer as the PV of the cash purchase minus the PV of the financing

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