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ou want to buy a £20,000 car. Dealer A offers interest-free credit – pay £10,000...
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ou want to buy a £20,000 car. Dealer A offers interest-free credit – pay £10,000 now and the rest in one year. Dealer B offers you a £1,000 discount for immediate payment. Dealer C makes the following offer – pay £3,000 now, £10,000 in one year and £10,000 in two years’ time. If the interest rate is 15%p.a., which offers the best deal?
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