You want to purchase an automobile for $27,300. The dealer offers you 0% financing for 60 months
Question:
You want to purchase an automobile for $27,300. The dealer offers you 0% financing for 60 months or a $5,000 rebate. You can obtain 6.3% financing for 60 months at the local bank. Which option should you choose? Explain.
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Choosing between 0 financing and a 5000 rebate Heres a breakdown to help you decide Option 1 0 Finan...View the full answer
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Related Book For 
College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
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