You want to purchase an automobile for $21,600. The dealer offers you 0% financing for 48 months

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You want to purchase an automobile for $21,600. The dealer offers you 0% financing for 48 months or a $3,000 rebate. You can obtain 4.8% financing for 48 months at the local bank. Which option should you choose? Explain.

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College Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780321945518

13th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen

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Question Posted: Dec 09, 2023 08:52 PM

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You want to purchase an automobile for $21,600. The dealer offers you 0% financing for 48 months

Question:

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To determine which option is better lets compare the two choices Option 1 0 financing for 48 months ...View the full answer

College Mathematics For Business Economics Life Sciences And Social Sciences

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