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You want to purchase an automobile for $ 2 4 , 7 9 5 . The dealer offers you 0 % financing for 6 0

You want to purchase an automobile for $24,795. The dealer offers you 0% financing for 60 months or a $6,473 rebate. You can obtain 6.3% financing for 60 months at the local bank. Which option should you choose?
Rebate
0% financing
How much money will you save per month?
$ (Round to two decimal places.)
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