Assume that you want to buy an Audi for $35,000. You have only $5,000 availak payment...
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Assume that you want to buy an Audi for $35,000. You have only $5,000 availak payment and you must finance the rest. A local Credit union is offering you a 3-y 6% APR12. Rochester Audi dealer is offering you 3-year financing at 3% APR12. loan, you'd be repaying it in equal monthly installments. Another dealer at Bloon you a $500 discount off the car price but no financing. Note: there are only two a (Rochester and Bloomfield car dealerships), as you can NOT buy a car from that c A. Should you buy your car at Rochester or Bloomfield dealers B. to offer you in order to make you indifferent relatively to the R car+financing deal? Assume that you want to buy an Audi for $35,000. You have only $5,000 availak payment and you must finance the rest. A local Credit union is offering you a 3-y 6% APR12. Rochester Audi dealer is offering you 3-year financing at 3% APR12. loan, you'd be repaying it in equal monthly installments. Another dealer at Bloon you a $500 discount off the car price but no financing. Note: there are only two a (Rochester and Bloomfield car dealerships), as you can NOT buy a car from that c A. Should you buy your car at Rochester or Bloomfield dealers B. to offer you in order to make you indifferent relatively to the R car+financing deal?
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Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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