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Suppose that you can purchase a car for $21,000 cash, but the dealer offers to sell you the car for 2000 down, and $438/mo, paid

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Suppose that you can purchase a car for $21,000 cash, but the dealer offers to sell you the car for 2000 down, and $438/mo, paid at the end of the month for 48 months. Based on a rate of 4.6% APR, how much do you gain (+) or lose (-) by paying cash for the car instead of accepting his financing terms

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