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Sally wants to buy a Ford Mustang. The MSRP is $27843. Ford offers a purchase financing plan with no money down and end-of-36 month payments
Sally wants to buy a Ford Mustang. The MSRP is $27843. Ford offers a purchase financing plan with no money down and end-of-36 month payments of $780. Should she buy the car for cash or take Ford's purchase financing? Assume that she has the cash and that she could invest her money and earn at least %.
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