Question
#20 Derek plans to buy a $26,391.00 car. The dealership offers zero percent financing for 59.00 months with the first payment due at signing (today).
#20
Derek plans to buy a $26,391.00 car. The dealership offers zero percent financing for 59.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $____ cash back. He can borrow money from his bank at an interest rate of 4.27%.
Round 2 Decimal Places
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
