Gather, and analyze relevant information, then use numbers and writing to demonstrate the financial implications of your
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Question:
Gather, and analyze relevant information, then use numbers and writing to demonstrate the financial implications of your decision. No longer than two pages
Buying a car
Should you buy or lease a car? If buying, all cash or some financing? Use the
NPV rule to compare cash/lease/loan options.
• use the life of the loan or term of the lease as the life of the “project”
• consider how much you can sell it for at the end if you are buying
• use realistic APR, find them on car dealers’ websites
• consider length of loan/lease
• consider the down payment you can afford
Related Book For
Forensic Accounting and Fraud Examination
ISBN: 978-0078136665
2nd edition
Authors: William Hopwood, george young, Jay Leiner
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