Assume the car can be purchased for 0% down for 60 months (in lieu of rebate).
Since you are paying interest you will be taking the rebateloan after rebate = 42,600 - 5,100 = 37,500
add on interest = 37,500*0.025*5 = $4687.50
monthly payment =(37,500+4687.50)/60 =42187.50/60 =$703.13 (ANSWER)This is the correct answer. Thanks :)
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