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We want to buy a car and we go to three dealerships that offer us the following conditions: • Cash payment of $19,000 and insurance payment for 3 years, the amount of which is 600 euros each year. • Entry of $5,000, six months without paying anything and then 48 monthly installments of 350 euros each • Without entry, eight months without paying anything and then 54 monthly installments of $400. If the interest rates for the indicated terms are 5% APR, which of the three offers should I accept? We want to buy a car and we go to three dealerships that offer us the following conditions: • Cash payment of $19,000 and insurance payment for 3 years, the amount of which is 600 euros each year. • Entry of $5,000, six months without paying anything and then 48 monthly installments of 350 euros each • Without entry, eight months without paying anything and then 54 monthly installments of $400. If the interest rates for the indicated terms are 5% APR, which of the three offers should I accept?
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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