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Your company wants to purchase a van with a price of $25,000. The van dealer offers you a $2,000 discount and a 48-month, 8.5% APR

Your company wants to purchase a van with a price of $25,000. The van dealer offers you a $2,000 discount and a 48-month, 8.5% APR compounded monthly, or no discount with a 4.0% APR on a 48-month loan. Which offer is better?

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