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You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2,500 rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month) . You have been pre-approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months.
-If you forgo the $2,500 rebate and finance your new car through the dealership your monthly payments (with payments made at the end of the month) will be closest to:
Quantitative Data
Numerical data that represent quantities or measurable amounts and enable mathematical operations and statistical analysis.
Bar Chart
A graphical display used to represent data with rectangular bars of lengths proportional to the values that they represent.
Qualitative Variable
A variable that categorizes or describes an attribute using qualitative properties (e.g., colors, names, labels).
Stem And Leaf Plot
A graphical representation used in descriptive statistics to display quantitative data where each data point is split into a "stem" and a "leaf."
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