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You want to purchase a new car. The price of the car is $27, 425. The dealer is offering two promotions. You can take a

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You want to purchase a new car. The price of the car is $27, 425. The dealer is offering two promotions. You can take a $2000 instant rebate and 5.5%financing (Deal 1)or you can choose 4.5 financing on your entire loan (Deal 2). Calculate the monthly payment of both deals over 60 and identify which is the better deal. A) Deal 1: $489; Deal 2: $513; Deal 1 is a better deal B) Deal 1: $502; Deal 2: $514; Deal 2 is a better deal C) Deal 1: $486; Deal 2: $511; Deal 1 is a better deal D) Deal, 1; $495; Deal 2: $A83; Deal 2 is a better deal. E) none of these You want to purchase a new car. The price of the car is $27, 425. The dealer is offering two promotions. You can take a $2000 instant rebate and 5.5%financing (Deal 1)or you can choose 4.5 financing on your entire loan (Deal 2). Calculate the monthly payment of both deals over 60 and identify which is the better deal. A) Deal 1: $489; Deal 2: $513; Deal 1 is a better deal B) Deal 1: $502; Deal 2: $514; Deal 2 is a better deal C) Deal 1: $486; Deal 2: $511; Deal 1 is a better deal D) Deal, 1; $495; Deal 2: $A83; Deal 2 is a better deal. E) none of these

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