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  3. you decide to purchase a car. you negotiate a pric

you decide to purchase a car. You negotiate a price of $22,500. The dealer offers...

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Accounting

you decide to purchase a car. You negotiate a price of $22,500. The dealer offers you a 1.9% loan, compounded monthly, for 48 months, that includes a rebate of $500. The local credit union offers you a 0.9% loan, compounded monthly, for 4 years. Which loan option would you rather take? Support your answer with calculations.

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