Assume the cars in Problems 4346 can be purchased for 0%down for 60 months (in lieu of
Question:
Assume the cars in Problems 43–46 can be purchased for 0%down for 60 months (in lieu of rebate).
A Dodge Ram that has a sticker price of \(\$ 20,650\) with factory and dealer rebates of \(\$ 2,000 \quad\)
a. \(\$ 344.17 ;\)
b. \(\$ 349.69 ;\)
c. \(4.9 \% ;\)
d. \(0 \%\)
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1 Calculate the loan amount Subtract the rebates from the sticker price 20650 2000 ...View the full answer
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