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Brads uncle has offered to provide him with a loan for the

1. Brad's uncle has offered to provide him with a loan for the closing costs and the down payment needed to purchase the condo. Brad exclaims, "This is great. I don't even need a loan contract!" Advise Brad on the situation.

2. What are the advantages and disadvantages to Brad of leasing rather than purchasing the car?

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Finance Basics: Brads uncle has offered to provide him with a loan for the

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