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Two car agencies providing the same car model but with different installments interests. Agency A has a 5% simple interest on the yearly installments. Agency

Two car agencies providing the same car model but with different installments interests. Agency A has a 5% simple interest on the yearly installments. Agency b has a 4% interest compounded annually on the yearly installment. If the installment is 25,000 per year which agency is better to purchase the car, if the installments will start today and end by the 7th year.

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