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April 21, 2014

Homework Help: math

Posted by Steven on Sunday, August 5, 2012 at 5:52pm.

Leslie has been offered the choice of either a $1,000 rebate or a 5.5 percent, 48-month loan for the new car she is purchasing. If Leslie will be financing $15,000 and she can get a 7.5 percent, 48-month loan at her credit union, should she take the $1,000 rebate or the 5.5 percent loan? (Show all work.)

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