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You want to purchase an automobile for $25,865. The dealer offers you 0% financing for...

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Algebra

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You want to purchase an automobile for $25,865. The dealer offers you 0% financing for 60 months or a $3,260 rebate. You can obtain 6% financing for 60 months at the local bank. Which option should you choose?Rebate0% financingHow much money will you save per month?(Round to two decimal places.)

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