Which deal is cheaper and why

Reference no: EM131954869

Question: A car company is offering a choice of deals. You can receive $2,000 cash back on the purchase, or a 0 percent APR, 4-year loan. The price of the car is $20,000 and you could obtain a 4-year loan from your credit union, at 7 percent APR. Which deal is cheaper? Why? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131954869

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