Which is better when purchasing a

Which is better when purchasing a - $18,000 + $5,678 =...

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Which is better when purchasing a $20,000 car: a) A 4 year loan at 4%; $20,000 / 3.63 = $5,510 $20,000 + $5,510 = $25,510 b) An immediate rebate of $2,000 and a 4 year loan at 10% = $18,000 / 3.17 = $5,678
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Unformatted text preview: $18,000 + $5,678 = $23,678 It would be better to choose $18,000 at 10% because I would be paying $1,832 less for the car at the end of the loan....
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