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You can buy a car for $40,000 cash and receive $2,5 00 cash-back or pay the total in 48 monthly instalments with 0% financing. Which

You can buy a car for $40,000 cash and receive $2,5

00 cash-back or pay the total in 48 monthly

instalments with 0% financing. Which option would

you prefer if the market rate of interest is 4%

APR, compounded quarterly

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