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( Annuity payments ) Ford Motor Compary's current incentives include 5 . 3 percent APR financing for 3 6 months or $ 8 0 0
Annuity payments Ford Motor Compary's current incentives include percent APR financing for months or $ cash back on a Mustang. Let's assume Suzie Student wants to buy th premium Mustang convertible, which costs $ and she has no down payment other than the cash back from Ford. If she chooses the $ cash back, Suzie can borrow from the VTech Union at percent APR for months Suzies credit isn't as good as Prof. Finance What will Suzie Student's monthly payment be under each option? Which option should she choose?
a If Sursie chooses percent APR financing for months to buy the premium Mustang convertible, which costs $ PMT what will her monthly payment be
Round to the nearest cent.
b If Surie chooses $ cash back to buy the premium Mustang convertible and borrows $ from the VTech Credit Union at percent APR for months, how much will her monthly payment be
Round to the nearest cent.
c Which option shoutd Suzle Stufent choose? Select the best choice below.
A Choose low interest rate financing because the monthly payment under this option is lower.
B Choose cash back financing because the monthly payment under this option is lower.
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