Question: Davis is considering purchasing a new car for $13,000 the dealer is offering two options on the purchase option one receive $750 rebate on the

Davis is considering purchasing a new car for $13,000 the dealer is offering two options on the purchase option one receive $750 rebate on the price of the car and finance the balance over 5 years at 4% interest or option 2 finance the car for 6 years at 0% interest but no interest.

what is the monthly payment of option one?

what is the monthly payment for option two?

Which would you recommend?

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