Mathematics, 01.05.2021 09:00 marleacorey

Rich buys a car for $24,000 and has two options for financing. The dealership offers either financing of 0% compounded monthly for 5-years, or a $5,000 cash rebate. If Rich takes the rebate, then he will apply the rebate to the cost of the car and finance the remaining balance with a loan for 5-years at 3.25% compounded monthly through the Tiger's Credit Union.

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Rich buys a car for $24,000 and has two options for financing. The dealership offers either financin...

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