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You want to purchase an automobile for $29,478. The dealer offers you 0% financing for 48 months or a $6,365 rebate. You can obtain 6.3%

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You want to purchase an automobile for $29,478. The dealer offers you 0% financing for 48 months or a $6,365 rebate. You can obtain 6.3% financing for 48 months at the local bank. Which option should you choose? 0% financing Rebate How much money will you save per month? (Round to two decimal places.)

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