Question: Which is the better choice when purchasing a $30,000 car: a) a four-year loan at 6 percent, or b) an immediate rebate of $2,000 and

Which is the better choice when purchasing a $30,000 car: a) a four-year loan at 6 percent, or b) an immediate rebate of $2,000 and a four-year loan at 8 percent? I have the interest paid on each option but I don't know how they came up with it: a) interest paid is $7200. b) interest paid is $8960.

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