Suppose that you can purchase a car for $21,000 cash but the dealer offers to sell you

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Suppose that you can purchase a car for $21,000 cash but the dealer offers to sell you the car for 2000 down and 442/month , paid at the end of the month for 48 months. Based on the rate of 5.7% APR,

how much do you gain or lose by paying cash for the car instead of accepting his financing terms.

show excel work and formulas if possible.

Related Book For answer-question

Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Posted Date: Mar 30, 2023 03:51 AM

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Suppose that you can purchase a car for $21,000 cash but the dealer offers to sell you

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Microeconomics

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