Peter wants to purchase a new car. The dealer has two offers from which Peter can choose.
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Question:
- Peter wants to purchase a new car. The dealer has two offers from which Peter can choose. Which is a better deal?
- 9% APR financing for 60 months
- $1500 cash back with a 3.75% APR over 48 months.
- The car Peter wishes to purchase has a value of $27,465 and he has saved $5000 for a down payment.
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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