you are buying a $35,000 car with 20% down, no sales tax, and by financing the balance
Fantastic news! We've Found the answer you've been seeking!
Question:
you are buying a $35,000 car with 20% down, no sales tax, and by financing the balance for 5 years. If interest is 4.5% and monthly payment is $550, is this a good deal or bad deal? – i.e. Are you paying more than you owe? Prove your point by showing how you arrived at your conclusion. please please provide work and if possible break it down to simpler terms so i can understand and explain.
Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
Posted Date: