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Your auto dealer gives you the choice to pay $35,000 cash now, or make four payments: $10,000 now and $10,000 at the end of the

Your auto dealer gives you the choice to pay $35,000 cash now, or make four payments: $10,000 now and $10,000 at the end of the following three years. If your cost of money is 8%, which one should you choose?

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