Question: you are borrowing $ 6 3 , 0 0 0 to purchase a new car, and you are considering two loan options. the first is

you are borrowing $63,000 to purchase a new car, and you are considering two loan options. the first is a 7 year loan with an 8.6% interest rate, and the second is a 4 year loan with an 8.0% interest rate. if your personal discount rate is 7.6% what is the net present value of picking the first loan over the second one? excel chegg

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