Leslie has been offered the choice of either a $1,000 rebate or a 5.5 percent,48-month loan for the new car she is purchasing.If Leslie will be financing $15,000 and can get a 7.5 percent,48-month loan at her credit union,should she take the $1,000 rebate or the 5.5 percent loan? (Show all work.)

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The Answer of Leslie has been offered the choice of either a $1,000 rebate or a 5.5 percent,48-month loan for the new car she is purchasing.If Leslie will be financing $15,000 and can get a 7.5 percent,48-month loan at her credit union,should she take the $1,000 rebate or the 5.5 percent loan? (Show all work.)

Leslie Has Been Offered the Choice of Either a $1,000