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Mathematics, 11.04.2021 06:50 LilLappyLOL

Claudia is going to buy a used car for $9,500. She can finance it at the car dealership at 11% interest for 3 years, or she can finance it at the bank at 7% interest for 6 years. What is the difference in interest cost between the car dealer loan and the bank loan? If she takes the loan from the car dealership, Claudia will have to repay $ less in interest than if she took the loan from the bank.

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