Msucat Autos is offering great deals on the new BMW, which run for OMR 18,000 fully...

 

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Msucat Autos is offering great deals on the new BMW, which run for OMR 18,000 fully loaded. You pay OMR 1,000 down payment and then OMR 400 a month for the next 36 months, Al-Seeb Motors next door does not finance, but will give you OMR 1,000 off the list price. The rate of interest is 12% a year, compounded monthly. Which company is offering the better price? 0-01 Msucat Autos is offering great deals on the new BMW, which run for OMR 18,000 fully loaded. You pay OMR 1,000 down payment and then OMR 400 a month for the next 36 months, Al-Seeb Motors next door does not finance, but will give you OMR 1,000 off the list price. The rate of interest is 12% a year, compounded monthly. Which company is offering the better price? 0-01

Answer rating: 100% (QA)

To determine which company is offering the better price lets compare the total cost from each option ... View the full answer