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Based upon a monthly payment, which one is a better deal on the same $9000 car?

(a) 9% interest on the full amount for 48 months, compounded monthly.

(b) A $1000 rebate and 15% interest on the remaining amount for 48 months, compounded monthly.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91341373

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