Richmond Ford offered you 0% financing and cash discount. -0% financing option: pay 10% down at the purchase time, which is $3,297. And pay $824 from the end of the first month for 36 months.-Cash discount: after discount of 8,082, the price of F150 FX is $24,888. If you could borrow $24,888 from your bank with 5.26% APR interest rate for 3 years loan, which is compounded monthly, would you buy the vehicle in cash or choose the Ford financing option 0% APR?

Answer rating: 100% (QA)

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