Determine the range of interest rates

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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.

Reference no: EM13846777

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