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A piece of airport baggage handling equipment can be purchased for $70,000 cash or for $74,000 to be financed over 60 months at 0% interest.
A piece of airport baggage handling equipment can be purchased for $70,000 cash or for $74,000 to be financed over 60 months at 0% interest. This special offer is good for only the next two days. The salesperson states that at least $11,000 can be saved by the 0% offer compared to their "traditional" financing plan at 0.5% per month over 60 months Is this claim really true? Click the icon to view the interest and annuity table for discrete compounding when i=0.5% per month. a. With traditional financing, the monthly payment equals $ (Round to the nearest cent.) b. With the zero-interest financing plan, the monthly payment equals $ ). (Round to the nearest cent.) c. Total savings under the 0% offer compared to the "traditional" financing plan equal S ? d. .statement of the sales person is. (Round to the nearest dollar.) hence the
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