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OpenStudy (d9414):
PLEASE HELP MEDAL AND FAN GIVEN You have negotiated a price of $23,995 (including taxes and license fees) for a new car, and you have $5000 for a down payment. The dealer is offering two financing options. Option 1: A cash rebate of $2000, with the remaining price financed at an APR of 6.48% over 60 months. Option 2: No cash rebate, with 0% financing over 60 months. (i) Which is the better option?
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