Question: Please only use Excel formula. You are considering buying a car from a local dealer. The dealer offers you one of two payment options: Cash

Please only use Excel formula. You are considering buying a car from a local dealer. The dealer offers you one of two payment options:
Cash option: you can pay $30,000 cash.
Financing option: you can pay $5,000 down payment today and a payment of $1,050 at the end of each of the next 30 months.
plan.
Please only use Excel formula. You are considering buying a car

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