Solution-Find the total amount owen

Find the total amount owen

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Reference no: EM132703498

Owen has two options for buying a car. Option A is 1.3% APR financing over 36 months and Option B is 5.2% APR over 36 with $1500 cash back, which he would use as part of the down payment. The price of the car is $32,020 and Owen has saved $3200 for the down payment. Find the total amount Owen will spend on the car for each option if he plans to make monthly payments. Round your answers to the nearest cent, if necessary.

Reference no: EM132703498

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Find the total amount owen

Reference no: EM132703498

Reference no: EM132703498

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