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question

Debra Cole wishes to buy a used car worth $720. She can either pay for the car on the installment plan, with 10% down and 12 monthly payments of $65, or borrow the $720 for the same 12 month period at 8% interest. Which method of financing is more economical? By how much?
Plain-text mathematical notation (without MathML)
Debra Cole wishes to buy a used car worth $720. She can either pay for the car on the installment plan, with 10% down and 12 monthly payments of $65, or borrow the $720 for the same 12 month period at 8% interest. Which method of financing is more economical? By how much?
Original LaTeX notation
Debra Cole wishes to buy a used car worth $720. She can either pay for the car on the installment plan, with 10% down and 12 monthly payments of $65, or borrow the $720 for the same 12 month period at 8% interest. Which method of financing is more economical? By how much?

category

business

options

  1. Borrow the $720 at 8% interest with savings of $30
  2. Pay on the installment plan with savings of $74.40
  3. Borrow the $720 at 8% interest with savings of $50
  4. Pay on the installment plan with no savings
  5. Pay on the installment plan with savings of $50
  6. Borrow the $720 with no savings
  7. Pay on the installment plan with savings of $30
  8. Borrow the $720 at 8% interest with savings of $74.40
  9. Borrow the $720 at 8% interest with no savings
  10. Pay on the installment plan with savings of $100

src

stemez-Business

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