Which is the better choice when purchasing a $30,000 car: a) a four-year loan at 6 percent,
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Question:
Which is the better choice when purchasing a $30,000 car:
a) a four-year loan at 6 percent,
b) an immediate rebate of $2,000 and a four-year loan at 8 percent?
please provide manual calculations, not just excel sheet format. Thanks!
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