Moussa sangare is purchasing a used car and has the option, Financial Management

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Moussa sangare is purchasing a used car and has the option

Moussa Sangare is purchasing a used car and has the option of two possible paymentplans:

Plan A: $2000 down, $2000 after 1 year, and $2000 after 2 years.

Plan B: $1000 down, $4150 after 1 year, and $845 after 2 years.

Determine the range of interest rates for which Plan B is better for Moussa.

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Financial Management: Moussa sangare is purchasing a used car and has the option

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Financial Management: Moussa sangare is purchasing a used car and has the option

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