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

Which is the better choice when purchasing a $30,000 car:

a) a four-year loan at 6 percent,

b) an immediate rebate of $2,000 and a four-year loan at 8 percent?

please provide manual calculations, not just excel sheet format. Thanks!

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