Question: Derek plans to buy a $28,355.00car. The dealership offers zero percent financing for 56.00 months with the first payment due at signing (today). Derek would
Derek plans to buy a $28,355.00car. The dealership offers zero percent financing for 56.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him to pay him \$ six months from today. He can borrow money from his bank at an interest rate of 5.20%. Answer format: Currency: Round to: 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
