A car dealership can offer a $36,000 car under a special promotion with four years financing at 0%, or can offer a discount off the price of the….
3. A car dealership can offer a $36,000 car under a special promotion with four years financing at 0%, or can offer a discount off the price of the vehicle if the buyer finances the sale at 0.5% monthly over the four years. What discount off the purchase price results in the buyer making the identical monthly payment under either purchase option?
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