Question
A car company is offering a choice of deals. You can receive $500 cash back on the purchase or a 3 percent APR, 4-year loan.
A car company is offering a choice of deals. You can receive $500 cash back on the purchase or a 3 percent APR, 4-year loan. The price of the car is $15,000 and you could obtain a 4-year loan from your credit union, at 6 percent APR. Which deal is cheaper? 3 percent APR offer $500 cash back offer
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
2nd Edition
1567931650, 978-1567931655
