Which is the better deal for you if the annual interest rate

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Suppose you are buying a car. You go to one dealer who works a deal in which you would pay $3,740 each year for three (3) for the car. Another deal gives you a deal in which you would pay $2,870 each year for the four (4) years. Which is the better deal for you if the annual interest rate is 6%?

Reference no: EM131099372

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