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You want to purchase an automobile for $ 3 4 , 5 3 6 . The dealer offers you 0 % financing for 6 0

You want to purchase an automobile for $34,536. The dealer offers you 0% financing for 60 months or a $4,747 rebate. You can obtain 5.7% 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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