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Use the information for the question(s) below.
You are in the process of purchasing a new automobile that will cost you $27,500.The dealership is offering you either a $2500 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 take the $2500 rebate and finance your new car through your credit union your monthly payments will be closest to:
Exports
Goods or services sent from one country to another for trade or sale.
Supply
The total amount of a specific good or service that is available to consumers.
Foreign-Currency Exchange
The trading of one currency for another, determining how much one country's currency is worth in another country's currency.
Real Interest Rate
The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.
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