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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 442/month ,

Suppose that you can purchase a car for $21,000 cash but the dealer offers to sell you the car for 2000 down and 442/month , paid at the end of the month for 48 months. Based on the rate of 5.7% APR, how much do you gain or lose by paying cash for the car instead of accepting his financing terms. show excel work and formulas if possible.

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