SOLUTION: which is better choice when purchasing a $20000 car: a) a 4 year loan at 4 % b) an immediate rebate of $2000 and a 4 year loan at 10%. Show formulas or steps to solve it.

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Question 859649: which is better choice when purchasing a $20000 car: a) a 4 year loan at 4 % b) an immediate rebate of $2000 and a 4 year loan at 10%. Show formulas or steps to solve it.
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
which is better choice when purchasing a $20000 car: a) a 4 year loan at 4 % b) an immediate rebate of $2000 and a 4 year loan at 10%. Show formulas or steps to solve it.
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You have to define "better choice."
That's not a math term.