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You and your friend, Addison, have been shopping for your new car for several weeks. Together, you've visited several dealerships and your combined negotiating efforts

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You and your friend, Addison, have been shopping for your new car for several weeks. Together, you've visited several dealerships and your combined negotiating efforts have resulted in an agreed-on price of $39,950. In addition, the dealer has offered you elther a rebate of 1,500 or an introductory interest rate of 4.0% APR. If you elect to take advantage of the 4.0% low-cost dealer financing, youll also have to pay $1,498 in finance charges and make monthly payments of $902.03 for four years. Alternatively, you've also been preapproved for a four-year 10.0% loan from your credit union. This loan will require payments of $975.19 per month and a 2% down payment. Given this information, what is the adjusted cost of the dealer financing package, rounded to two decimal ploces? 4.00% 3.60% 4.60% Should you accept the low-cost dealer-arranged financing package or should you accept the rebate and finance your new vehicie using your credit unlon loan? Select the loan offered by your credit union as its cost is less than the adjusted cost of the dealer-arranged financing. Select the loan offered by the dealer as it has a lower adjusted cost than the loan offered by your credit union

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