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You want to purchase an automobile for $31,283. The dealer offers you 0% financing for 48 months or a $3,103 rebate. You can obtain 6%

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You want to purchase an automobile for $31,283. The dealer offers you 0% financing for 48 months or a $3,103 rebate. You can obtain 6% financing for 48 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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