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You want to purchase a car with a sticker price of $25,000. The car dealer offers you a $2,000 discount and a 48-month 8.5% APR

You want to purchase a car with a sticker price of $25,000. The car dealer offers you a $2,000 discount and a 48-month 8.5% APR compounded monthly, or no discount with a 4.0% APR compounded monthly on a 48-month loan. Which offer is better? Please show your work to justify your choice.

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