Question: ion 6 A car dealer offers the following two deals on a $30.000 car (a) 54.000 rebate: pay $30,000 and receive = 54.000 rebate from

image text in transcribed
ion 6 A car dealer offers the following two deals on a $30.000 car (a) 54.000 rebate: pay $30,000 and receive = 54.000 rebate from the manufacturer: (b) 0% APR financing pay $825 a month for 4 years for a total payment of 530,000 Assume that you can borrow at an interest rate of 0 6% per month Which deal would you choose? wed od out of nas Select one Choose (3) $4000 rebate b. Choose (b) 09. APR financing

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Related Book